Biz2Credit Related Content

Biz2Credit and CPA.com Add SBA 7(a) Loans to Funding Portal

Biz2Credit and CPA.com introduced a new SBA 7(a) lending option to the CPA Business Funding Portal, a cloud-based platform that supports accounting firms in securing business financing options for clients. read more

Small Business Bank Loan Approvals Continued to Plummet in April

Small business loan approval rates at big banks slipped again in April, falling from 13.8% in March to 13.5% in April, according to Biz2Credit’s Small Business Lending Index. read more

Small Business Loan Approvals at Big Banks Drop to 13.8% in March

According to Biz2Credit, small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, the lowest figure for big banks since July 2021. read more

Small Business Loan Approvals at Big Banks Slip to 14.2% in February

According to the latest Biz2Credit, small business loan approval percentages at big banks slipped again in February, falling from 14.4% in January to 14.2%. This marks the ninth consecutive month in which big bank approval percentages have declined. read more

Biz2Credit to Host ‘Examining the Future for Women-Owned Businesses’ Online Forum March 8

Biz2Credit will release its annual women-owned business study on International Women’s Day (March 8). Biz2Credit will also host an online forum with U.S. Rep. Sharice Davids from 2-3 p.m. EST. read more

Non-Bank Lenders Record Growth in Small Business Loan Approval Rates in January

Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the latest Biz2Credit Small Business Lending Index. However, approval rates at small banks and non-bank lenders improved. read more

Main Street Alliance and Biz2Credit Partner to Expand Small Business Financing

Main Street Alliance, a nonprofit organization that works with small businesses across the United States to create an equitable economy, is partnering with Biz2Credit to provide working capital and other commercial financing solutions to its business owner members. read more

Monthly Expenditures at Small Businesses Fell by 5% at Height of Inflationary Period in 2022

According to a new study from Biz2Credit, during the recent period of highest inflation, the average monthly expenditure of small businesses fell by 5% from $11,401 in Q1/22 to $10,884 in Q3/22. read more

Small Business Loan Approval Percentages Experience No Growth

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks fell from 14.6% in November to 14.5% in December and tied with January’s lowest monthly approval rate in 2022. read more

Banks Record Second Lowest Small Business Loan Approval Rate in 2022 in November

According to Biz2Credit’s Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.7% in October to 14.6% in November, marking the second lowest monthly percentage in 2022. read more

Biz2Credit Small Business Study Finds IT Companies Ahead in Most Measures

A new study published by Biz2Credit found that information technology (IT) firms had the highest average revenue ($955,793) and the best average credit score (658) and received the highest average amount of financing ($131,743) when they sought credit in 2021. read more

Small Business Loan Approval Rates Drop in October

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.9% in September to 14.7% in October, marking the lowest total since February. read more

Biz2X Introduces New Ascend Platform Edition for Business Lending

Biz2X introduced the new Ascend edition of its platform last week at the Money 20/20 conference in Las Vegas. This edition of the Biz2X platform brings even more capability to Biz2X’s business lending platform and is now available to banks and lenders across the United States.  read more

September Small Business Loan Approval Rates Rise for Most Lenders Except Larger Banks

Small business loan approval percentages at small banks (less than $10 million in assets), institutional lenders, alternative lenders and credit unions increased in September compared with August, while approvals at big banks (more than $10 million in assets) declined, according to Biz2Credit. read more

Small Business Loan Approval Rates Dip at Big Banks in August, Improve for Smaller Banks

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks (more than $10 billion in assets) dipped from 15.3% in July to 15.1% in August but rose at small banks from 21.2% in July to 21.4% in August. read more

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Terry Mulreany
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