BizSugar.com › Finance › New Record: Institutional Lenders Surpass Alternative Lenders

There’s a milestone in Biz2Credit’s latest report. For the first time in the index’s history, small business loans approved by institutional lenders have surpassed those approved by alternative lenders.
That’s according to the May 2015 Biz2Credit Small Business Lending Index, an analysis of 1,000 loan applications that appears each month on Biz2Credit.com.
The index’s findings show institutional lenders approved 61.3 percent of funding requests by small business owners in May, up from 61.1 percent in April.
Meanwhile, lending approval rates at institutional lenders are higher than alternative lenders by a slight margin: 61.3 percent to 61 percent.
In this case, alternative lenders are defined as cash advance companies and other non-bank lenders.