For the first time since it was created in 2011, the Biz2CreditSmall Business Lending Index showed big banks, small banks, creditunions and alternative lenders experienced lower approval rates inNovember.

The New York-based Biz2Credit, which pairs small business owners with financialinstitutions, said it culled data from its monthly analysis of1,000 loan applications.

Credit union approvals of small business loans dropped for asixth consecutive month at Biz2Credit, down to 48.4% from 49.2% inOctober, the firm said.

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