Report: Large banks boosted small-business lending in August

09/10/2013 | AmericanBanker.com (free registration)

Large banks approved 17.6% of small-business loan applications in August, according to a Biz2Credit survey. That's the highest approval rate since 2007, when the survey began. The August lending rate is up compared with the 17.4% reported in July and is 62% higher than in August 2012, when 10.9% of small-business loans were approved.

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