Big banks are back in small business lending. During a month in which the overall volume of loan applications increased by 5.6%, the Biz2Credit Small Business Lending Index revealed that approval rates jumped 30% at big banks during in September 2012.
The Index found that 14.2%.of funding requests were approved by big banks ($10B+ in assets) in September — a 30% jump from 10.9% in August 2012. The figure represents the highest approval rating percentage for big banks since the Index began in 2011.
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