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Banks’ approval rates for small business loans dropped in 2022
By Puja Sharma
December approval rates rose slightly at Small Banks, Institutional Investors, and Alternative Lenders while Big Banks and Credit Unions stalled last month. Small business loan approval percentages at big banks slipped again, falling from 14.6% in November to 14.5% in December, which tied with January for the lowest monthly approval rate for big banks in 2022, according to the latest Biz2Credit Small […]
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