Small business loan approval percentages at big banks ($10 billion or more in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to Biz2Credit. In comparison, in January 2020, big banks approved a record high of 28.3% of the funding requests they received. read more

FEB 10, 2021 - 6:55 am

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. read more

DEC 30, 2020 - 7:20 am

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. 
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DEC 29, 2020 - 7:23 am

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. read more

DEC 15, 2020 - 6:37 am

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. read more

DEC 14, 2020 - 7:46 am

According to Biz2Credit'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. read more

DEC 9, 2020 - 7:56 am

Small business loan approval percentages at big banks, or those with $10 billion or more in assets, dropped slightly from 13.5% in September to 13.3% in October, according to the latest Biz2Credit Small Business Lending Index. read more

NOV 12, 2020 - 7:24 am

According to a study from Biz2Credit, sales of Latinx-owned businesses dropped 42% in March and April and are down 21% during the 12-month period from Sept. 16, 2019 to Sept. 15, 2020. read more

OCT 12, 2020 - 7:08 am

The AICPA, CPA.com, and Biz2Credit are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options. read more

SEP 23, 2020 - 6:00 am

According to Biz2Credit’s Small Business Financial Health Survey, year-over-year Q2/20 revenues of small business owners plummeted 52% from Q2/19 while payroll expenses dropped 54%. read more

AUG 5, 2020 - 7:18 am

The approval percentage for small business loan applications rebounded from 8.9% in April to 11.5% in May, according to the Biz2Credit Small Business Lending Index. read more

JUN 10, 2020 - 6:35 am

According to the Biz2Credit Small Business Lending Index, the approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4% from a post-recession high of 28.3% in February 2020. read more

APR 8, 2020 - 6:45 am

The approval percentage for small business loan applicants hit a record high of 27.3 percent at big banks in March, up one-tenth of a percent from February. read more

APR 12, 2019 - 7:00 am

Biz2Credit ranked No. 335 on Deloitte’s Technology Fast 500. The company attributes its 242% revenue growth to smart lending automation and global software sales. read more

NOV 16, 2018 - 6:30 am