Small Biz Loan Approvals on The Rise

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™.

With yet another interest rate cut by the Federal Reserve, small businesses are benefiting from positive economic conditions that are unrivaled in recent times. It has been a very good year for small businesses that are looking for capital. Better yet, I don’t foresee any changes during the rest of 2019.

Read more at Forbes.