Business Loan Approvals at Big Banks Continue to Drop, While Other Lenders Increased in July: Biz2Credit Small Business Lending Index™

[ad_1] NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) — Small business loan approval percentages at big banks ($10 billion+ in assets) dropped from 13.4% in June to 13.3% in July,…

Small Business Loans Are Increasingly Expensive And Harder To Get

[ad_1] Banks rejected more than 8-in-10 business loan applications in May. were rejected by banks in May 2023, according to the Biz2Credit Small Business Lending Index released June 6, 2023.…