November 2013 Lending Index Infographic

Lending Approval Rates at Banks Return to Pre-Government Shutdown Levels

Small business loan approvals at big banks ($10 billion+ in assets) increased to 17.4% in November 2013 from just 14.3% in October, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. In a year-to-year comparison, lending approval rates at big banks have increased more than 30 percent.