Big banks approving more small-business loans, report finds

08/6/2013 | AmericanBanker.com (free registration)

Big banks approved 17.4% of small-business loans in July, an increase of 50% from a year ago and a six-year high, reports Biz2Credit. Tax returns from 2012 show that small businesses are doing better than in the past few years, making banks more willing to lend, says Biz2Credit CEO Rohit Arora.

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