Small business lending set another record in January 2015. But that record is being set mostly by big banks and certain other kinds of lenders.
In January, lending approval rates for small businesses at big banks hit a post-recession high. New data from the Biz2Credit Small Business Lending Index reveals that loans from big banks to small businesses in January were approved 21.3 percent of the time.
That’s up from 21.1 percent in December 2014.