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Biz2Credit Releases Monthly and Annual Small Business Approval Rate Data
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Biz2Credit Releases Monthly and Annual Small Business Approval Rate Data

Biz2Credit Releases Monthly and Annual Small Business Approval Rate Data

Fintech Nexus Staff·
News RoundupOnline Lending
·Jan. 13, 2017·1 min read

Biz2Credit has released its monthly Biz2Credit Small Business Lending Index report which provides approval rates on small business loans; large lenders increased approval rates while alternative and credit union lenders reported decreases; big banks reported an approval rate of 23.9% in December, an increase of 0.02% from November and 1% from December 2015; the small bank approval rate increased to 48.9% and the institutional lenders approval rate increased to 63.4%; alternative lending approval rates decreased to 58.6% and the approval rate from credit unions decreased to 40.9%.  Source

  • Fintech Nexus Staff
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