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Small Business Lending from Big Banks and Institutional Lenders Surges, Biz2Credit Reports

December 16, 2016

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Big banks and institutional lenders continue giving small businesses a reason to smile.

According to the newly released Biz2Credit Small Business Lending Index report for November 2016, loan approval rates at both big banks and institutional lenders continued to rise, improving to new highs.

What’s more, small banks also showed an increase in small business loan approval rates.

The only drop in approval rates came from alternative lenders and credit unions.

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