Small businesses continue getting loans approved by big banks, and in record numbers.
Hitting its highest point since the end of the Great Recession, the loan approval rate for small businesses at big banks reached 21.5 percent in February.
That’s according to the February 2015 Biz2Credit Small Business Lending Index. The index is based on a monthly analysis of 1,000 loan applications on Biz2Credit.com. The platform seeks to connect small businesses with potential lenders.
Small Business Loans Keep Breaking Records in February
Posted by PMVirtual under Raising CapitalFrom http://smallbiztrends.com 3538 days ago
Who Voted for this Story
Subscribe
Comments