Spring rains don't prompt sprout in business loan approvals.
Encouraged by signs that the recovery may be gaining traction, some bankers said they are planning to increase their small business lending efforts this year.
Biz2Credit analysis based on 1,000 funding requests from credit unions, small banks and other alternative lenders.
New York company matches small businesses with lenders.
While it may not be much of a surprise to credit unions that some banks are not eager to approve funding for small businesses these days, the rate of rejections might cause some alarm.
Report author says the "big banks are sitting on their assets."
As banks and other competitors make their way back into the business lending marketplace, credit unions appear to be holding their own with an increase in loan approval rates.
Financing from credit unions and small, regional banks are on the rise, according to one firm.
Biz2Credit said while capital can still be a challenge for small businesses to come by, financing from credit unions and small, regional banks is on the rise.
A firm that claims to handle more than 3,000 small business loan applications each month is skeptical about banks participating in programs that aim to give creditworthy borrowers a second chance