Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend June 2017
Lending Continues to Stall at Alternative Lenders, Credit Unions and Small Banks
Loan approval rates at big banks ($10 billion-plus in assets) increased to post-recession highs in June 2017, according to the latest Biz2Credit Small Business Lending IndexsuperscriptstartTMsuperscruptend , the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com. Meanwhile, small banks, alternative lenders and credit unions all experienced a decline in the percent of funding requests they approved. While loan approval rates at institutional investors remained stagnant.