Small business lending continues trending upward in two sectors at least.
Data from Biz2Credit shows that loan approval rates for small businesses at big banks hit a new post-recession high in March. According to the monthly Biz2Credit Small Business Lending Index, a record 21.6 percent of loan requests to big banks from small businesses were approved in March.
The data is drawn from a survey of loan applications by more than 1,000 small business owners who used Biz2Credit’s online lending platform to connect to lenders over that period.
Biz2Credit: Small Business Lending Continues Upward Trend
Posted by lyceum under Raising CapitalFrom http://smallbiztrends.com 3306 days ago
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