Small Business Lending IndexsuperscriptstartTMsuperscruptend November 2015

Looming Interest Rate Hike Could Lead to Higher Loan Approval Rates

Small business loan approval rates at institutional lenders continued their gradual ascent, according to Biz2Credit's November Small Business Lending IndexsuperscriptstartTMsuperscruptend , an analysis of more than 1,000 loan requests of qualifying small business owners. While big banks maintained their overall healthy approval rates. However, loan approval rates for small business loans at small banks, credit unions and alternative lenders faltered.