Search Results for: Biz2Credit

Small Business Bank Loan Approvals Dropped Dramatically in March Biz2Credit Study
Banking Lending News

Small Business Bank Loan Approvals Dropped Dramatically in March: Biz2Credit Study

GlobeNewswire
by GlobeNewswire0
Biz2Credit Small Business Lending Index finds funding requests at banks declined after Silicon Valley Bank’s collapse; borrowers had more success with non-bank lenders. Small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, according to the latest Biz2Credit Small Business Lending Index™ released today. This marks is the......
Biz2Credit Small Business Lending Index Reports a Decrease in Loan Approval Rates at Banks and Credit Unions in February 2023
Lending News

Biz2Credit Small Business Lending Index Reports a Decrease in Loan Approval Rates at Banks and Credit Unions in February 2023

GlobeNewswire
by GlobeNewswire0
Business loan approval rates rose at Institutional Investors and Alternative Lenders Small business loan approval percentages at big banks slipped again, falling from 14.4% in January to 14.2% in February 2023, according to the latest Biz2Credit Small Business Lending Index released today. This marks the ninth consecutive month in which big bank approval percentages have declined. Meanwhile,......
B2B Business Digital News

Biz2Credit Sees Growth In Business Loan Approval Rates At Non-Bank Lenders

Fintech Staff Writer
by Fintech Staff Writer0
Small business loan approval rates at credit unions continue to drop. In January, credit unions approved 20.1% of loan requests, down one-tenth of a percentage from December. Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the......
Main Street Alliance Announces Partnership with Biz2Credit to Expand Financing Options for Small Business Owners
Fintech News

Main Street Alliance Announces Partnership with Biz2Credit to Expand Financing Options for Small Business Owners

Fintech News Desk
by Fintech News Desk0
Main Street Alliance (MSA), a non-profit organization that works with small businesses across the country to create an equitable economy, announced that it has partnered with Biz2Credit, a leading online financing resource, to provide working capital and other commercial financing to its business owner members across the U.S. The partnership......
New Study by Biz2Credit Measures Inflation’s Impact on Small Businesses
Analytics Business Finance News

New Study by Biz2Credit Measures Inflation’s Impact on Small Businesses

Fintech News Desk
by Fintech News Desk0
Biz2Credit, a leading online funding provider to small businesses, announced the findings of its Small Business Inflation Study that analyzed the revenues and expenditures of more than 140,000 U.S. small businesses from January 2019 to October 2022. The Biz2Credit Small Business Inflation Study identified three distinct phases: The pre-pandemic phase up......
Business News Technology

Biz2Credit Found Industry Trends Among small Businesses, IT firms With Highest Revenue

Fintech Staff Writer
by Fintech Staff Writer0
Founded in 2007 Biz2Credit made a study about 2021 industry trends for small businesses, which reveals that Information Technology (IT) firms which have the highest average revenue ($955,793), the good credit score (658), and made the top average amount of financing ($131,743) when they were in need of credit.The Retail......
Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022
B2B Banking News

Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022

Fintech News Desk
by Fintech News Desk0
Loan approval percentages at banks, institutional lenders, and alternative lenders have risen in every month of 2022 Small business loan approval percentages at big banks ($10m + in assets) inched upwards from 15.3% in May to 15.4% in June, while small banks’ approvals also rose from 20.9% in May to 21.1% in June, according to the latest Biz2Credit Small Business......
Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022
Business Lending News

Biz2Credit Small Business Lending Index for March 2022 Finds Approval Rates Rise Again at Banks

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10m + in assets) rose from 14.7% in February to 14.9% in March, and small banks’ approvals also increased from 20.5% in February to 20.6%, according to the latest Biz2Credit Small Business Lending Index™ released. Among several categories of non-bank lenders, approval percentages also climbed. Institutional lenders approved 25.3% of funding requests in March, up......
Revenues, Profits of Companies Owned by Women Decreased During 2021: Biz2Credit Women-Owned Business Study
Fintech News

Revenues, Profits of Companies Owned by Women Decreased During 2021: Biz2Credit Women-Owned Business Study

Fintech News Desk
by Fintech News Desk0
Analysis of 100,000 Firms Finds Pandemic Revenues and Profits Fell Last Year The annual Biz2Credit Women-Owned Business Study found that profits for female business-owners dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, the primary reason profits fell in......
Biz2Credit Small Business Lending Index for January 2022 Finds That Loan Approval Rates Increased for Every Category of Lender
Lending News

Biz2Credit Small Business Lending Index for January 2022 Finds That Loan Approval Rates Increased for Every Category of Lender

Fintech News Desk
by Fintech News Desk0
Approval Percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders and Credit Union Still Are Roughly Half of What They Were in January 2020 Small business loan approval percentages at big banks ($10+ in assets) increased from 14.3% in December to 14.5% in January, and small banks’ approvals also rose from 20.1% in December to 20.3% in......
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