Barbara Weltman

Big Ideas for Small Business, Inc.

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Record-high Small Business Loan Approval

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That’s the finding from the recent Biz2Credit Small Business Lending Index. Small banks granted 49.7% of the funding requests they received in July 2018, which is the highest figure for small banks since December 2014. Loan approval rates among alternative lenders was 56.5 % and at credit unions it was 40.3%.