NEW YORK, NY (Press Release – Feb. 9, 2012) – The Biz2Credit Small Business Lending Index, an analysis of 1,000 loan applications on Biz2credit.com, found that approval rates of small business financing requests in January by small banks and non-bank lenders increased to their highest levels in the past 12 months.
Meanwhile, lending at big banks jumped two percentage points over December’s rate to 11.7%, the highest rate since February 2011.