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Fiscal Cliff, Sandy Puts Small Business Lending on Hold: Biz2Credit

Lower approval rates seen from banks, credit unions and alternative lenders.

By Michelle A. Samaad | Updated on December 12, 2012

For the first time since it was created in 2011, the Biz2Credit Small Business Lending Index showed big banks, small banks, credit unions and alternative lenders experienced lower approval rates in November.

The New York-based Biz2Credit, which pairs small business owners with financial institutions, said it culled data from its monthly analysis of 1,000 loan applications.

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