Small business loan approval rates on the rise

A decade after the market crash, small business lending has made a turn-around, which can be attributed, in part, to the strong economic growth in the U.S. Business loan approval rates are on the uptick, according to Forbes: “These smaller banks granted 49.8 percent of the funding requests they received in August, up one-tenth from […]

A decade after the market crash, small business lending has made a turn-around, which can be attributed, in part, to the strong economic growth in the U.S. Business loan approval rates are on the uptick, according to Forbes: “These smaller banks granted 49.8 percent of the funding requests they received in August, up one-tenth from July. It represents the highest figure for small banks since November 2014. Many of them are processing SBA loans. With a robust economy and government guarantees that mitigate lender risk.

Read the full article here.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 302 credit unions in Alabama, Florida and Georgia, with a combined total of $175 billion in assets and more than 11.6 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.