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 Biz2Credit Small Business Lending Index Reports New High in Big Bank Loan Approvals in February 2013- Biz2Credit Small Business Lending Index Reports New High in Big Bank Loan Approvals in February 2013
- March 14, 2013
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Monthly Index Reports Increases at Big Banks for Third Consecutive Month, While Small Bank Approved More Than Half of Their Loan Requests in February.
Small business loan approval rates at big banks ($10B+ in assets) in February 2013 increased to 15.9%, up from the 15.3% rate in January, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. The figure also represents a 35% increase over the February 2012 approval figure of 11.7% and is the highest approval percentage by big banks since Biz2Credit's Index was introduced over 2 years ago.
Meanwhile, small bank approval rat...
- View more at: http://www.1888pressrelease.com/biz2credit-small-business-lending-index-reports-new-high-in-pr-460459.html
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