Small Business Loan Approvals at Big Banks Hit New High; Other Categories of Lender Dip Slightly, According to Biz2Credit Small Business Lending IndexTM

Lending Atmosphere Still Solid for Small Business Borrowers

The loan approval percentage for small business credit applicants hit a record high of 27.2% at big banks ($10 billion+ in assets) in February, while approval rates at small banks, alternative lenders and credit unions dipped slightly, according to the Biz2Credit Small Business Lending IndexTM