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Big banks dive back into small business lending

from The Financial Brand

Approval rates on business loans from big banks (those with over $10 billion in assets) have improved dramatically over the past year, according to the Small Business Lending Index from Biz2Credit. The index shows that big bank approval leapt in September 2012, and since then it has been steadily increasing. In April big bank approval rates for small business loans reached a record high, peaking at 16.8 percent. In a year-to-year comparison, approvals at big banks are up over 50 percent. more

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