Biz2Credit: May Small Business Loan Approval Rates Increase as PPP Ends

Small business loan approval percentages at big banks (or those with more than $10 billion in assets) climbed slightly from 13.4% in April to 13.5% in May, according to the latest Biz2Credit Small Business Lending Index. In addition, approvals at small banks jumped from 18.2% in April to 18.7% in May.

June 9, 2021 Biz2Credit | Rohit Arora Ian Koplin

Biz2Credit: Non-PPP Loan Approval Rates Remain Relatively Unchanged in April

Small business loan approval percentages at big banks (or those with more than $10 billion in assets) dipped slightly to 13.4% in April from 13.5% in March 2021, according to Biz2Credit. Similarly, approvals at small banks dropped to 18.2% in April, which was down from 18.3% in March.

May 12, 2021 Biz2Credit | Rohit Arora Ian Koplin

Biz2Credit: March Non-PPP Loan Approval Rates Trend Upward

Small business loan approval percentages at big banks (more than $10 billion in assets) rose slightly to 13.5% in March from 13.3% in February 2021, according to the Biz2Credit Small Business Lending Index.

April 13, 2021 Biz2Credit | Rohit Arora | Small Business Lending Phil Neuffer

Biz2Credit: Earnings for Women-Owned Business Rose in 2020, Yet Loan Approvals Lagged

The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew. However, the average loan size for women-owned businesses was 33% lower than the average loan size for businesses owned by men.

March 26, 2021 Biz2Credit | Jennifer Moore | Paycheck Protection Program | Rohit Arora Ian Koplin

February Small Business Lending Approval Rates Change Little vs. January

Small business loan approval percentages at big banks (more than $10 billion in assets) rose slightly to 13.3% in February from 13.2% in January 2021, according to the latest Biz2Credit Small Business Lending Index.

March 9, 2021 Biz2Credit | Rohit Arora Phil Neuffer

Biz2Credit Begins Taking ‘Pre-Applications’ For New Round of PPP Loans

Now that new COVID-19 relief has been signed into law by President Donald Trump, fintech company Biz2Credit has begun taking ‘pre-applications’ for the new round of the Paycheck Protection Program.

December 30, 2020 Biz2Credit | Paycheck Protection Program | Rohit Arora Phil Neuffer

CPA Firms Mobilizing to Support $900B COVID-19 Relief Bill

With the recent enactment of emergency coronavirus relief, which includes renewed PPP funds and related assistance, new regulations will be in place early in the new year, according to the AICPA and its business and technology arm, CPA.com.

December 29, 2020 American Institute of CPAs | Biz2Credit | CPA.com | Erik Asgeirsson | Rohit Arora Phil Neuffer

AICPA: Small Businesses and CPA Firms Should Ready for New Round of Relief Funds

As Congress weighs renewed economic stimulus, CPA firms should be gearing up to assist small businesses whose survival depends on a new round of funding under the Paycheck Protection Program, according to the AICPA and its business and technology arm, CPA.com.

December 15, 2020 American Institute of CPAs | Biz2Credit | CPA.com | Erik Asgeirsson | Rohit Arora Phil Neuffer

Biz2Credit: PPP Had Large But Short-Lived Effect for Small Businesses

U.S. government lending programs restored sufficient capital for businesses to weather the effects of the COVID-19 pandemic for a short period, but many firms are currently operating at a monthly loss, according to Biz2Credit’s new six-month analysis of COVID-19’s impact on small businesses.

December 14, 2020 Biz2Credit | Paycheck Protection Program | Rohit Arora Phil Neuffer

Biz2Credit: Small Business Loan Approval Rates Down More Than 50% YTD

According to Biz2Credits’s latest Small Business Lending Index, small business loan approval percentages at lage banks decreased from 13.3% in October to 13.2% in November. In comparison, big banks approved 28.1% of the funding requests they received last November.

December 9, 2020 Biz2Credit | Rohit Arora | U.S. Bureau of Labor Statistics Phil Neuffer