The approval percentage for small business loan applications at big banks (more than $10 billion in assets) rose three-tenths of a percent from 13.5% in June to 13.8% in July, according to the Biz2Credit Small Business Lending Index.
The approval percentage for small business loan applications at banks with more than $10 billion in assets rebounded from 11.5% in May to 13.5% in June, according to Biz2Credit Small Business Lending Index.
PayNet announced enhancements to the Small Business Lending Index to provide 988 total individual indices available by 18 different industries and all 50 states.
The latest data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) shows small business investment gathering steam. The SBLI registered 126.5 in April 2014, an 18% increase over April 2013.
According to Direct Capital’s Small Business Lending Index, unusually harsh winter weather didn’t slow small business growth in February as demand for lending and financing increased 9.7% over January.