Report: Small-business lending grew healthier in April

05/13/2013 | AmericanBanker.com (free registration)

The approval of small-business loan applications at both big and small banks increased in April. Banks with less than $10 billion in assets approved 50.9% of loans between $25,000 and $3 million for the month, an increase of a tenth of a percentage point from the prior month and 5 percentage points from a year earlier, according to a Biz2Credit index report. Larger banks gave the green light to 16.8% of applications in April, an increase of 1.1 points over March and up from a 10.6% approval rate a year ago.

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