According to Biz2Credit’s November Small Business Lending Index™, the overall approval rate for loan applications was 62.4%, up from 62.2% in October. Big banks approved 22.8% of loan applications, while small banks approved 48.9% of loan applications. These numbers show that small business borrowers are more creditworthy now than in the recent past.
Barbara Weltman
Big Ideas for Small Business, Inc.
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