Big banks lend less to small businesses in June

07/11/2013 | (free registration)

Big banks approved 16.9% of small-business loan applications in June, down from 17.3% a month earlier, according to the Biz2Credit Small Business Lending Index. Despite the downward tick, banks "both large and small, are granting loan requests at much higher rates than they did a year ago," said Biz2Credit CEO Rohit Arora.

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