Biz2Credit Report: SB Loan Approvals at Big Banks Hit Record Highs

Approval rates for small business loan applications inched up to a record high of 27.6% at big banks in June, according to the Biz2Credit Small Business Lending Index.

Small Business Lending Decline Slows

Total small business borrowing from depository lenders remained subdued for both C&I and commercial real estate loans under $1 million, according to the SBA Office of Advocacy’s yearly review.