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