Small business funding platform Biz2Credit announced on Tuesday the release of its latest Small Business Lending Index, which revealed that the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May…. Read More
Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index reveals that the approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted below double digits to just 8.9%, down from 15.4% in March and an… Read More
Online lending platform Lendio announced on Tuesday it has joined forces with wellness industry technology platform, Mindbody, to expedite relief funding through the Paycheck Protection Program (PPP) to small businesses that are struggling during the COVID-19 pandemic. According to Lendio, Mindbody’s software solution links hundreds… Read More
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, 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
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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