Tag : Small business loan

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......
Veritex Community Bank Expands Small Business (SBA) Lending Department
Banking News

Veritex Community Bank Expands Small Business (SBA) Lending Department

Fintech News Desk
by Fintech News Desk0
The expansion of the Veritex Bank Small Business Loan department reflects economic growth within small business communities in Texas. Veritex Community Bank, an SBA top preferred lender, is doubling the size of its Small Business (SBA) Lending department to accommodate the growing demand for SBA loans. A Texas-headquartered bank, Veritex......
Banking Business Fintech Fintech Funding News

Small Business Loan Approval Rates at Banks Fell Again in September 2020: Biz2Credit Small Business Lending Index™

Fintech News Desk
by Fintech News Desk0
Small Businesses in Limbo Awaiting PPP Loan Forgiveness  Small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.6% in August to 13.5% in September, indicative of the struggles that small businesses are facing, according to the latest Biz2Credit Small Business Lending Index™ released today. The Biz2Credit Small Business Lending Index figures do not reflect......
Banking Fintech News

Small Business Loan Approval Rates at Banks Fell in August 2020: Biz2Credit Small Business Lending Index™

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) and small banks dropped slightly in August 2020, an indication that the upward trend that began in May has plateaued, according to the Biz2Credit Small Business Lending Index™ released today. “PPP loans came to a halt on August 8, and......
1