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Small Business Loan Approval Rates Rise Once More in Ma

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 15.1% in April to 15.3% in May, while approval rates at small banks (under $10 billion in assets) rose to 20.9%, according to the latest Biz2Credit Small Business Lending Index. read more

Biz2Credit Named a Best Place to Work in Financial Technology

Best Companies Group named Biz2Credit to its list of 2022’s Best Places to Work in Financial Technology. The 2022 list included the top 50 fintech companies in the country and was published by Arizent brands, the publisher of American Banker. read more

Small Business Lending Approval Rates Inched Upward in April

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March to 20.8% in April, according to Biz2Credit. read more

Small Business Loan Approval Rates from Most Lenders Rise in March

Small business loan approval rates at big banks (more than $10 million in assets) rose from 14.7% in February to 14.9% in March, and approval rates at small banks (under $10 billion in assets) increased from 20.5% in February to 20.6% in March, according to Biz2Credit. read more

Small Business Loan Approval Rates Continue to Rise in February

Small business loan approval rates at big banks (more than $10 billion in assets) rose from 14.5% in January to 14.7% in February, and approval rates at small banks (under $10 billion in assets) rose from 20.3% in January to 20.5% in February, according to Biz2Credit. read more

Profits for Women-Owned Businesses Decreased by 26% in 2021

Biz2Credit’s annual women-owned business study found that profits for women-owned businesses dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, which was the primary reason profits fell in 2021. read more

Small Business Loan Approval Rates Increase Among Most Lenders in January

Small business loan approval percentages at big banks (more than $10 billion in assets) increased from 14.3% in December to 14.5% in January and approval rates at small banks (under $10 billion in assets) rose from 20.1% in December to 20.3% in January, according to Biz2Credit. read more

Small Business Loan Approval Rates Continue to Rise But at Slow Pace

Small business loan approval rates at big banks (more than $10 billion in assets) increased from 14.2% in November to 14.3% in December, and approval rates at small banks (under $10 billion in assets) rose from 19.9% in November to 20.1% in December, according to Biz2Credit. read more

IT Firms Have Received More Funding Than Business in Other Industries in 2021

A new study from Biz2Credit that analyzed 2020 and 2021 industry trends among small businesses found that information technology firms received the most funding of any industry in terms of volume and the highest average amount of funding during the study time frame. read more

Loan Approval Rates Continue to Rise at Banks and Non-Bank Lenders

Small business loan approval percentages at big banks (more than $10 billion in assets) increased from 14.1% in October to 14.2% in November, according to Biz2Credit’s Small Business Lending Index. Meanwhile, small banks’ approval rates also rose from October’s figure of 19.7% to 19.9% in November. read more

Finance and Insurance Recovering from COVID-19 Effects Faster Than Other Industries

According to a new study from Biz2Credit, businesses in the financial services and insurance industries have recovered the fastest from the effects of the COVID-19 pandemic compared with other industries. read more

Small Business Loan Approval Rates Rise at Bank and Non-Bank Lenders in September

Small business loan approval percentages at big banks (or those with $10 billion or more in assets) increased to 14% in September. Meanwhile, approval rates at small banks rose to 19.5% in September from 19.3% the month before, according to Biz2Credit.   read more

Biz2Credit: Loan Approval Rates Rise at Banks and at Non-Bank Lenders in August

Small business loan approval percentages at big banks jumped from 13.8% in July 2021 to 13.9% in August. Meanwhile, small banks’ approvals also rose from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Small Business Lending Index. read more

Biz2Credit: Small Business Loan Approval Rates Increase at Banks in July

According to Biz2Credit’s latest Small Business Lending Index, small business loan approval percentages at big banks (more than $10 billion in assets) jumped from 13.6% in June to 13.8% in July, reaching the same percentage as last July. read more

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. read more

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