Strength seen in lending by big banks, small banks, and institutional investors in October 2019
The approval percentage for small business loan applications at big banks ($10 billion+ in assets) inched up one-tenth of a percent to reach 28% for the first time in the post-recession era during October 2019, according to the latest Biz2Credit Small Business Lending Index™
05:03 PM ET 10/29/2018
Nearly 60 million Americans — and 7 million Californians — work at a small business. That’s roughly half the private-sector workforce. Yet for all the value these companies add to our economy, they still struggle to secure short-term capital when they need it.
Banks are usually a long shot. In July, America’s large banks denied three in four small business loan applications. Community banks were just a touch more generous.
