Return-Path: <010001827e691d4b-2bb922bc-2c63-4048-a981-036986120f5e-000000@amazonses.com> Delivered-To: info@sterlingcal.com Received: from reseller401.webserversystems.com by reseller401.webserversystems.com with LMTP id ECccJd5B8WJbBgMAchKAPA (envelope-from <010001827e691d4b-2bb922bc-2c63-4048-a981-036986120f5e-000000@amazonses.com>) for ; Mon, 08 Aug 2022 12:03:26 -0500 Return-path: <010001827e691d4b-2bb922bc-2c63-4048-a981-036986120f5e-000000@amazonses.com> Envelope-to: info@sterlingcal.com Delivery-date: Mon, 08 Aug 2022 12:03:26 -0500 Received: from a43-194.smtp-out.amazonses.com ([54.240.43.194]:41899) by reseller401.webserversystems.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_128_CBC_SHA256 (Exim 4.94.2) (envelope-from <010001827e691d4b-2bb922bc-2c63-4048-a981-036986120f5e-000000@amazonses.com>) id 1oL6A1-000qCL-V2 for info@sterlingcal.com; Mon, 08 Aug 2022 12:03:26 -0500 DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/simple; s=ja2xd7rg6xxoispjhjc2pjzww2ktcu5f; d=biz2credit.com; t=1659978194; h=From:To:Reply-To:Subject:List-Unsubscribe:Content-ID:MIME-Version:Content-Type:Message-ID:Date; bh=U3BRu9a8p9xMenb67XbE7+FL4qbk/5/eWnFJlq4EGpw=; b=Tb10+0dwJWIb4j2S5Bde2Xyot3O307c/pnKYWSWKOyeWhFGapMzWFVb7TuFqQoOE 8/B2MB2KR/DZ+59e1Qjm60JbQcdhmEQ2x938CxHKEaScIZPv4lnPfFekJNn7EA481Zd yYfEbQidG49zwF/1rPmQTtlxay6GdzipE/sTn4hA= DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/simple; s=6gbrjpgwjskckoa6a5zn6fwqkn67xbtw; d=amazonses.com; t=1659978194; h=From:To:Reply-To:Subject:List-Unsubscribe:Content-ID:MIME-Version:Content-Type:Message-ID:Date:Feedback-ID; bh=U3BRu9a8p9xMenb67XbE7+FL4qbk/5/eWnFJlq4EGpw=; b=RMKZ/+f1pd4jb5ZvNXMkq6RNcAlaNRl8AtPHwRfsW/zAxCNV3jpNNYxQqbRfg9bn SZ60QqAsFyWGAZFWF8X6UT66EtUu6eu8nvsB2HIj0RliSAftpGBTNGFynJ32ip2hyXY 8rg84li4mi5iA8hL1wv0WDmg6E+3FYcCC6Zt3f+w= From: "Biz2Credit Inc" To: info@sterlingcal.com Reply-To: info@biz2credit.com Subject: Small Business Lending Index: Loan Approval Rates Up Slightly in June 2022 List-Unsubscribe: Content-ID: oJScoTyhMl4mYwRjnl5jrzZmqwthpGR2ZUcmYaywnN==$!$ MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="Alt_MIME_Boundary" Message-ID: <010001827e691d4b-2bb922bc-2c63-4048-a981-036986120f5e-000000@email.amazonses.com> Date: Mon, 8 Aug 2022 17:03:14 +0000 Feedback-ID: 1.us-east-1.cw/orBfP1R/Nxu72SwDh1c2Qw+wrc6jl2lFhQU8CuNQ=:AmazonSES X-SES-Outgoing: 2022.08.08-54.240.43.194 X-Spam-Status: No, score=2.0 X-Spam-Score: 20 X-Spam-Bar: ++ X-Spam-Flag: NO --Alt_MIME_Boundary Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit https://track1.biz2credit.com/?xtl=wga4z7ugukms22ojj57iojemnlrdvlxjhlsz5uellx07vweoghj682u7xlqvs993j3p7d0npd0j79a1sm1aphksmapt65ttlx2j31uahzvxpacr8jk7to&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 Biz2Credit Small Business Lending Index™ Reports Approval Rates Up Slightly in June 2022   Download Report https://track1.biz2credit.com/?xtl=le1q9g1fopd92cj6qc37vyz9n16ref042y57b196p4o56wx8uf1flfan0flhgncyga4a1xjdgfxx6mwrcxbr2zsz3bmjj606h49m8lvuokzgnu1gizyyakucodumr7kxs1qo2ki8wpj3ly2j8pmh83z7mpm1ewciih21ky3p652j5kudtsg1fc47ydz61bc652qvcxlpoqktbuwlvuf11oarq6d8xwhb95tbpyewxf9s&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54   View Infographic https://track1.biz2credit.com/?xtl=rvtujl3f2ol46n81c4sztu3v8qstp6axut5wntldkr9801xwk8jray71epskync3ef89bxzc7twaogn7wm3rnogym8o125uw1hlsk4h4gfb0d5uss7z4g454u0ry8zx0xt3vyy3z9h54cj3i1elc0vjejudwemekufpo97ea6evf6paqixvynaicvon1wthv14pq&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54   https://track1.biz2credit.com/?xtl=8umaosq5tmiakpd5gqlvbymaaqjady8xoplkr0hflnhrsqy2tgeyrl5t0unef4f3husyq8uaqx8sp91vmi0awf9ndeidv1pwgofwoww71ke01lsv9utdp2cdmm73a0b5lrdp8wq2qut31jiknhi9tc8qpbyr834fklfnz3xhkz4m0e5c0zbrqqwogwtji9apwle7fx0uh3ehhjm&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 Biz2Credit Small Business Lending Index™ Loan Approval Rates at Banks Rose in June 2022 Watch Video https://track1.biz2credit.com/?xtl=8e10fzsu40z38lsgdjs6nqhttvdkuudm1ezsuelxs3zq7o0o5d4x1rnr1qnp78tfth6b1asntbewaqm0o0lm01n252neem8v8cs53p5rtxlszmsv115tvwmnoyvur90fs2eef213lpkxb4&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 With unemployment so low, small business owners are still struggling to find workers. This, naturally, is driving up the cost of labor as demand outweighs supply. Rising labor costs, combined with 8.6% inflation in May 2022, continues to put a financial crunch on small companies. Rohit Arora, CEO of Biz2Credit Big Banks Small business loan approval percentages at big banks ($10B+ in assets) rose from 15.3% in May to 15.4% in June. Monthly Comparison+0.1% 15.4% June 2022 15.3% May 2022 Yearly Comparison+1.8% 15.4% June 2022 13.6% June 2021 Small Banks Small banks’ approvals also increased from 20.9% in May to 21.1% in June, according to the latest Biz2Credit Small Business Lending Index. Monthly Comparison+0.2% 21.1% June 2022 20.9% May 2022 Yearly Comparison+2.2% 21.1% June 2022 18.9% June 2021 Institutional Lenders Institutional lenders approved 25.6% of funding requests in June, up one-tenth of a percent from 25.5% in May. Monthly Comparison+0.1% 25.6% June 2022 25.5% May 2022 Yearly Comparison+1.9% 25.6% June 2022 23.8% June 2021 Alternative Lenders Alternative lenders’ approval rates rose from 26.9% in May to 27.1% in June. These lenders have seen the largest growth in approvals since 2021, up almost 3 percent. Monthly Comparison+0.2% 27.1% June 2022 26.9% May 2022 Yearly Comparison+2.6% 27.1% June 2022 24.5% June 2021 Credit Unions Credit unions slipped slightly from 20.6% in May to 20.5% in June. Monthly Comparison-0.1% 20.5% June 2022 20.6% May 2022 Yearly Comparison+0.0% 20.5% June 2022 20.5% June 2021 Want to see trends? View past months May 2022 https://track1.biz2credit.com/?xtl=1rgchz419eeww1gqdbwbnothke7pz3atzv6cf7q58lcdma2v6el1ss67cdjzc0tququpbiso6ukr6ngn8ur3o4os3ovr59f6alibhtq5fe7qykcdd8nmo6rz3b3ii9vfmygbdzsjn854hrfgtozom18dyvfnl95t61z2ktf50r20djl&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54    April 2022 https://track1.biz2credit.com/?xtl=20g5svyum4017kg687tm10ifi0bpwk0simhg7tr3nh2ifkgu07j6pita3jg60lk3sitqvo3hro01pegzpfljgpr54fhstw0t1aprcumguuc5fedebznzrfjc8anesu1p1sn188hwxer67zk7yvntrnuc0t3zi4wx9u3gdgbamdc2jvb7jz&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54    March 2022 https://track1.biz2credit.com/?xtl=20g5svyum4017kg687tm10ifi0bpwk0y1876iurs816f027p97mwqwcqfyw5lc86is51oizurwyg52lf24aitox72vntwccy7k0pqpspo554am0iw5yivlwcgrsvj0p6fl4dz0cpgxi2b70n5a68637cujuvvvmq37wpdib1zuqm7m6b91&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 About Biz2Credit Small Business Lending Index™ The Biz2Credit Small Business Lending Index™ is an analysis of 1,000 monthly loan applications on the Biz2Credit website. The Index reports the loan approval rates of small business financing requests at Big Banks ($10 billion+ in assets), local and regional banks and non-bank lenders (credit unions, Community Development Financial Institutions (CDFI), micro lenders, and others). Unlike other surveys, the results are based on primary data submitted by more than 1,000 entrepreneurs who applied for funding on Biz2Credit's online lending platform, which connects small business borrowers with sources of capital. Results of the Biz2Credit Small Business Lending Index™ have been reported by The Wall Street Journal, Bloomberg BusinessWeek, Entrepreneur.com, Bloomberg Radio's "The Hays Advantage", SBA Radio, NY Daily News, Crain's NY Business, Michigan Banker, and other media. Biz2Credit Inc. 1 Penn Plaza, 31st Floor, New York, NY 10119 Biz2Credit.com https://track1.biz2credit.com/?xtl=wga4z7ugukms22ojj57iojemqyupemqvzi69jhy4n0bboo1srl2hwgziyh1tcwxh1bsci0wyd4pzexjti3dh6gscyu1zea1tfan8iabb3hi8la5etpzjr&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 In order to unsubscribe from this mailing list, please click here https://track1.biz2credit.com/?xul=5wtma6oztadtvlho139cufoeexj0u9uxahffi8ymbnxtvr2dq44vsa7xslh2hu5jyurh8kwoph07m680vr2agahonrv7xnmx8&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 --Alt_MIME_Boundary Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: 7bit Lending Index Emailer Required
Biz2Credit
Biz2Credit Small Business Lending Index™ Reports
Approval Rates Up Slightly in June 2022
   Download Report       View Infographic    
Biz2Credit Small Business Leading IndexTM

Biz2Credit Small Business Lending Index™

Loan Approval Rates at Banks
Rose in June 2022
Watch Video

With unemployment so low, small business owners are still struggling to find workers. This, naturally, is driving up the cost of labor as demand outweighs supply. Rising labor costs, combined with 8.6% inflation in May 2022, continues to put a financial crunch on small companies.
Rohit Arora, CEO of Biz2Credit

Loan Approval in Big Banks
Big Banks
Small business loan approval percentages at big banks ($10B+ in assets) rose from 15.3% in May to 15.4% in June.
Monthly
Comparison		 +0.1%
15.4%
June 2022
15.3%
May 2022
Yearly
Comparison		 +1.8%
15.4%
June 2022
13.6%
June 2021
Small Banks
Small Banks
Small banks’ approvals also increased from 20.9% in May to 21.1% in June, according to the latest Biz2Credit Small Business Lending Index.
Monthly
Comparison		 +0.2%
21.1%
June 2022
20.9%
May 2022
Yearly
Comparison		 +2.2%
21.1%
June 2022
18.9%
June 2021
Institutional Lenders
Institutional Lenders
Institutional lenders approved 25.6% of funding requests in June,
up one-tenth of a percent from 25.5% in May.
Monthly
Comparison		 +0.1%
25.6%
June 2022
25.5%
May 2022
Yearly
Comparison		 +1.9%
25.6%
June 2022
23.8%
June 2021
Alternative Lenders
Alternative Lenders
Alternative lenders’ approval rates rose from 26.9% in May to 27.1% in June. These lenders have seen the largest growth in approvals since 2021, up almost 3 percent.
Monthly
Comparison		 +0.2%
27.1%
June 2022
26.9%
May 2022
Yearly
Comparison		 +2.6%
27.1%
June 2022
24.5%
June 2021
Credit Unions
Credit Unions
Credit unions slipped slightly from 20.6% in May to 20.5% in June.
Monthly
Comparison		 -0.1%
20.5%
June 2022
20.6%
May 2022
Yearly
Comparison		 +0.0%
20.5%
June 2022
20.5%
June 2021
Want to see trends? View past months
May 2022    April 2022      March 2022
About Biz2Credit Small Business Lending Index™
The Biz2Credit Small Business Lending Index™ is an analysis of 1,000 monthly loan applications on the Biz2Credit website. The Index reports the loan approval rates of small business financing requests at Big Banks ($10 billion+ in assets), local and regional banks and non-bank lenders (credit unions, Community Development Financial Institutions (CDFI), micro lenders, and others).
Unlike other surveys, the results are based on primary data submitted by more than 1,000 entrepreneurs who applied for funding on Biz2Credit's online lending platform, which connects small business borrowers with sources of capital.
Results of the Biz2Credit Small Business Lending Index™ have been reported by The Wall Street Journal, Bloomberg BusinessWeek, Entrepreneur.com, Bloomberg Radio's "The Hays Advantage", SBA Radio, NY Daily News, Crain's NY Business, Michigan Banker, and other media.
Biz2Credit Inc. 1 Penn Plaza, 31st Floor, New York, NY 10119
Biz2Credit.com

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