As banks continue to approve more small business loans, credit unions are lagging behind their competitors.
That's according to Biz2Credit's monthly analysis of 1,000 loan applications processed through the New York firm's website in January.
Small business loan approval rates at banks with more than $10 billion in assets increased by a new high of 17.8% in January, up from 17.6% in December 2013, according to the Biz2Credit Small Business Lending Index.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
