Small Business Lending IndexsuperscriptstartTMsuperscruptend July 2016

Institutional Lenders and Small Banks Fill Void

Loan approval rates at big banks ($10 billion+ in assets), alternative lenders, and credit unions dipped in July 2016, according to the most recent Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com. Meanwhile, institutional lenders and small banks filled the void, approving loans at higher rates last month.