Biz2Credit Small Business Lending Index December 2015

Big banks are now approving twice as many small business loans as they were two years ago.

That’s according to the latest Biz2Credit Small Business Lending Index data for December 2015.

In fact, the small business loan approval rates at big banks and institutional lenders are again at new post-recession highs.

Lending approval rates by institutional lenders, which include family offices, pension funds and bank credit facilities, increased from 62.4 percent in November to 62.5 percent in December.

“We are seeing increasing interest from international funds seeking higher yield investments,” Biz2Credit CEO Rohit Arora said. “Institutional lenders have reduced the risks on these types of investments through digital algorithms that have automated the loan approval process and global investments are becoming more mainstream. With the weakening of emerging markets and strong value of the U.S. dollar, we are anticipating more international funds to enter the small business finance mix.” [Read the full story here ]
Source: Small Business Trends