Small Business Lending IndexsuperscriptstartTMsuperscruptend October 2016

Small banks, Alternative Lenders and Credit Unions Experience Setbacks

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders improved to all-time highs in October 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, approval rates at small banks, alternative lenders and credit unions all dropped in the last month.

Oct16 Lending Index Infographic