Tagged: small business loans

Biz2Credit Small Business Lending Index Reveals: Small Business Loan Approval Rates at Big Banks Reach New Record in January 2020

Biz2Credit announced on Tuesday its latest Small Business Lending Index revealed the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rose one-tenth of a percent to reach 28.3% in January 2020. According to the Index, the approval rate at… Read More

Kabbage CRO Victoria Treyger Shares Insight & Lending Update: 17% of SME Loans Are Mobile

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, analyzed the lending behavior of nearly 150,000 small businesses — sourcing its own customers — noting a steadily increasing growth in mobile lending. The total number of loans accessed through mobile increased… Read More

Biz2Credit Small Business Index: Good News for Small Banks, Negative Trend Continues for Alternative Lenders (Infographic)

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders finished the year strong, improving to post-recession highs in December 2016, according to the most recent Biz2Credit Small Business Lending Index™, the monthly analysis of more than 1,000 small business loan applications on… Read More

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