Return-Path: <01000182cb3aace3-310d1243-42db-4c95-95e2-ec574952b675-000000@amazonses.com> Delivered-To: info@sterlingcal.com Received: from reseller401.webserversystems.com by reseller401.webserversystems.com with LMTP id QLc0AULsBGOrrAcAchKAPA (envelope-from <01000182cb3aace3-310d1243-42db-4c95-95e2-ec574952b675-000000@amazonses.com>) for ; Tue, 23 Aug 2022 10:03:30 -0500 Return-path: <01000182cb3aace3-310d1243-42db-4c95-95e2-ec574952b675-000000@amazonses.com> Envelope-to: info@sterlingcal.com Delivery-date: Tue, 23 Aug 2022 10:03:30 -0500 Received: from a43-191.smtp-out.amazonses.com ([54.240.43.191]:57345) by reseller401.webserversystems.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_128_CBC_SHA256 (Exim 4.94.2) (envelope-from <01000182cb3aace3-310d1243-42db-4c95-95e2-ec574952b675-000000@amazonses.com>) id 1oQVRB-00277Q-Dm for info@sterlingcal.com; Tue, 23 Aug 2022 10:03:29 -0500 DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/simple; s=ja2xd7rg6xxoispjhjc2pjzww2ktcu5f; d=biz2credit.com; t=1661266996; h=From:To:Reply-To:Subject:List-Unsubscribe:Content-ID:MIME-Version:Content-Type:Message-ID:Date; bh=PV7rkARb3waWoK29qD8xo3AqInp4GCu47xBCfbghCHM=; b=aOCjJLACWrN+m5hg+LuWVzHLE6djkMidE5ZlCansAD0WGmQJofn+RV47gnAJutGz 4UjTZnnfUSNrL99QN1N3+JuyaDIpxRs684yBerDMNAI4MNVI4qmh2ziXUXIwnavRmkh s/83mctQZK2ZgdiOS+eZIhW9tDtbi6BoL8FGMWps= DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/simple; s=6gbrjpgwjskckoa6a5zn6fwqkn67xbtw; d=amazonses.com; t=1661266996; h=From:To:Reply-To:Subject:List-Unsubscribe:Content-ID:MIME-Version:Content-Type:Message-ID:Date:Feedback-ID; bh=PV7rkARb3waWoK29qD8xo3AqInp4GCu47xBCfbghCHM=; b=j/KkSNcyosJrLKQt3hi7FGlmmPnHtUDPe5sR/Wu0ynXlQfGFr3tThtfLko9HdLSd /ry19HPwTY3BRD0cpTheYY0ax0CfIOXYuxCmbwvahk5RvPxYyE9LfENrP9BUC1jF74k 1fB5SbAXwZncJeroj6R4Uxb2sr9QLe5JjyzdzZb4= From: "Biz2Credit Inc" To: info@sterlingcal.com Reply-To: info@biz2credit.com Subject: Small Business Lending Index: Loan Approval Rates Rose at Small Banks, Dipped at Big Banks in July 2022 List-Unsubscribe: Content-ID: oJScoTyhMl4mYwRjnl5kA2Z4LKDhpGq4BTZ4YaywnN==$!$ MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="Alt_MIME_Boundary" Message-ID: <01000182cb3aace3-310d1243-42db-4c95-95e2-ec574952b675-000000@email.amazonses.com> Date: Tue, 23 Aug 2022 15:03:16 +0000 Feedback-ID: 1.us-east-1.cw/orBfP1R/Nxu72SwDh1c2Qw+wrc6jl2lFhQU8CuNQ=:AmazonSES X-SES-Outgoing: 2022.08.23-54.240.43.191 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=5rzvtj31gcys6haezkfql8lfkc0gh9xvpxz0cpv0bn4eb5m2gkrdctd8fe2gpehbg0l6zxiw47b8c9fjixui8lo6lso0o3w3yvbhm43sgjecz6n9cgzci0s63qth2t2qbwdksn4gi3sm6jsgv90uy64mf7v83lnuavg6x62nptb8276ub2frwl3fpnc8sns8tn8gd3r0zhxmz0rbv5uotpaow6dbb8t5ngmvezxiq0qzz0efydfu1nlf8v1z&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 Biz2Credit Small Business Lending Index™ Reports Approval Rates Rose at Small Banks, Dipped at Big Banks in July 2022   Download Report https://track1.biz2credit.com/?xtl=5rzvtj31gcys6haezkfql8lfkbxtqcbdmv9vd5xfqivi0arqomp0kflf1csu6d43btgo0076k2msh1wuift22l0jwjq75qnkdnjffokgyudfxfh9e0p9n5j1hjs8rb5ggowt6gg8p8jtgmry5f3jwdv0vyfgs54i39k4up0p9t65cy0bpyvkutw1ytsvux5gwfismrp3pccc1u5tdewx5wk0fdhyyza70uvzw2d7vb85jvb3glhbk58b1r1l&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54   View Infographic https://track1.biz2credit.com/?xtl=41fa0qe4bekv7okyccuj7o52bde6mmcs6asi9n76t3h2tvgpkqr3asm02fyhuk2xtptu1h4ax3vwvyy9kvko9qalqpirt1s7imtgiv6zzrrck1vocqr1z532spwyyr2hyprefbhwcdd2n07az8h48sy9vz1af1xhxj14sl0ddrwriy6wfa5grvasq44gdp466rnv784r2jb5qrna1tomwfe51tozqc2wf33daf15aj1blyqtac9atzdoy4p8nc4wwec6zoob0xiv5dltm7zkkw2lgr2peizmzt7ty9el2jacygpy5ztqhsmg6xzcjyp82wm0fwde6xq&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54   https://track1.biz2credit.com/?xtl=2a3i0bvy2qm8avjzmjsiz29u1vwhif1ir091514we52wdeajnkxonazxvfv6t04gkk5u0pzu72zrthn1nr4297nseenc2z613eb0odlr40vpsw78jrqx8qfnhu2ivyi7lucvamyuj04fmiayi2uydb3dg3d60c7jd9c28gzy6blgboeavlks3pvw7i15a1034wa3gwfxb5tu146t941bvrofrac73wqbif03ibmclcnkmvjl36rsitp5jx7gbqvpgbvmkj9r89zgd1pufmqj6rhpatkom10vnn3i2asl75c77inxvcpg25i&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 Biz2Credit Small Business Lending Index™ Loan Approval Rates Rose at Small Banks, Dipped at Big Banks in July 2022 Watch Video https://track1.biz2credit.com/?xtl=8e10fzsu56rl1kkp9361lbboqm9qbr2uxxp1hoap144jdafa3394h8a0zhi8eeudopepoy9x8stzlsg5sfgag32dak61b00oqrfgpt608mov2z8ezt59s6yjlzcafquhrvt4a9mrbeqip8&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 Approvals at big banks slipped just a bit after months of steady increases. This is likely due to concerns about a possible recession after the Federal Reserve rose interest rates by 75 basis points in an effort to control inflation   Rohit Arora, CEO of Biz2Credit Big Banks Small business loan approval percentages at big banks ($10B+ in assets) rose dipped from 15.4% in June to 15.3% in July. Monthly Comparison-0.1% 15.3% July 2022 15.4% June 2022 Yearly Comparison+1.5% 15.3% July 2022 13.8% July 2021 Small Banks Small banks’ approvals also increased from 21.1% in June to 21.2% in July, according to the latest Biz2Credit Small Business Lending Index. Monthly Comparison+0.1% 21.2% July 2022 21.1% June 2022 Yearly Comparison+2.1% 21.2% July 2022 19.1% July 2021 Institutional Lenders Institutional lenders approved 25.8% of loan requests in July, up from 25.6% in June. Monthly Comparison+0.2% 25.8% July 2022 25.6% June 2022 Yearly Comparison+1.9% 25.8% July 2022 23.9% July 2021 Alternative Lenders Alternative lenders’ approval rates rose from 27.1% in June to 27.2% in July. These lenders have seen the largest growth in approvals since 2021, up almost 3 percent. Monthly Comparison+0.1% 27.2% July 2022 27.1% June 2022 Yearly Comparison+2.5% 27.2% July 2022 24.7% July 2021 Credit Unions Credit unions slipped slightly from 20.5% in June to 20.4% in July. Monthly Comparison-0.1% 20.4% July 2022 20.5% June 2022 Yearly Comparison-0.1% 20.4% July 2022 20.5% July 2021 Want to see trends? View past months June 2022 https://track1.biz2credit.com/?xtl=2a3i0bvy2qm8avjzmjsiz29u1veiklyjp1epnqv5hhcpglx9aguyo2lhzc4lsdpfb8bh4rya6wzqs1iq1c57gh3d6rb8nixu6udaujmx5qb1pnefksgug8prkqw2ow1sceyjq9nmmenrt2lql5um1wiq60d08to5ii4sms5saygbxprnjwem1jsgedny1dsizkbkbbco3sxpmflv023kukqgouizye476dllyutqj669c6hoo43qwqknmwsneh053mu1red8p3chx45g0yecvd3wvaa4zxbbindunhnoi79vi8z613al8fd&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54    May 2022 https://track1.biz2credit.com/?xtl=puvagxnvsyfosmj382jg8d7xxou4j4jdbxs7lyw130bgqlqcnfme4t2b2kt0gp1nhxmm7rw6t2krvh1re7y6mfrbvxlevwjcpbftmjglxg9z2y8a16flkkh2th9ihfi6zo5veyvcevv6uutjr2tmvsocp3u9thq2471ic3lvmvrwblsctos8eiza9nala3ffv29i6yea0az0zhinxwlrvb87hkm8c48c0a5lqnska7pe570guhw9hifn5m4ggvxqt25id0uihozi176lsw38gosqlbjywxfyfc8vn7fimpu297aalun13&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54    April 2022 https://track1.biz2credit.com/?xtl=ulrzb1zsj1wfcxd9bc08403wn0ewdud7uuc87igotxfs6sddbq9y5jus0c5ncx7e8obpeizo6dcwnyyqvxwr5hgnp0oby6wfn68mo4qt9n9q3u8fj35cfc338haa040ykxbhu6ot7sjlq0693tli9e6xipcqpir6r9nnanmat37w5moxshcuv9eqfvfvzsfpki7e4fynk7p3f0o0u6jgd113yoqsj8sbrq392l4a0n9r349eurmu53df1fokb3xgiw1rpbihfjbycje3v244v8hfu75exdb5bgmca3as644mlnxrfo9254pu&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=5rzvtj31gcys6haezkfql8lfkc1v2e0ahg81vj1r26qxh35asxzeopc2eo4mgqfqzkdh9cki9hnt5tiaenfuhbn8g8bx0w6xqrgktx0arhfgvpnokfax48m5y51tfpipu0oofglbxmueyc2b4upoq3lrv4y7xnuh4vfekwf3v5dcgutq44pca470vjxs5aigay24jirff7yx95f1g3ddk63nefhxcku9oapwixljdvclnu8jucip0t6dr599&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 In order to unsubscribe from this mailing list, please click here https://track1.biz2credit.com/?xul=5wtma6oztadtvlho139cvm5kpyt1i3yc2w3kfjv2noh12a96ydxj4rcyq0cwfjf9c4wwvvhtfbn7dcsutuavsdy8kb9vxlepx&eih=lklh4lpp7a1xd1fqhp2decfi0vdxfj54 --Alt_MIME_Boundary Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: 7bit SBLI
Biz2Credit
Biz2Credit Small Business Lending Index™
Reports Approval Rates Rose at Small Banks,
Dipped at Big Banks in July 2022
   Download Report       View Infographic    
Biz2Credit Small Business Leading IndexTM

Biz2Credit Small Business Lending Index™

Loan Approval Rates Rose at Small Banks, Dipped at Big Banks in July 2022
Watch Video

Approvals at big banks slipped just a bit after months of steady increases. This is likely due to concerns about a possible recession after the Federal Reserve rose interest rates by 75 basis points in an effort to control inflation  
Rohit Arora, CEO of Biz2Credit

Loan Approval in Big Banks
Big Banks
Small business loan approval percentages at big banks ($10B+ in assets) dipped from 15.4% in June to 15.3% in July.
Monthly
Comparison		 -0.1%
15.3%
July 2022
15.4%
June 2022
Yearly
Comparison		 +1.5%
15.3%
July 2022
13.8%
July 2021
Small Banks
Small Banks
Small banks’ approvals also increased from 21.1% in June to 21.2% in July, according to the latest Biz2Credit Small Business Lending Index.
Monthly
Comparison		 +0.1%
21.2%
July 2022
21.1%
June 2022
Yearly
Comparison		 +2.1%
21.2%
July 2022
19.1%
July 2021
Institutional Lenders
Institutional Lenders
Institutional lenders approved 25.8% of loan requests in July,
up from 25.6% in June.
Monthly
Comparison		 +0.2%
25.8%
July 2022
25.6%
June 2022
Yearly
Comparison		 +1.9%
25.8%
July 2022
23.9%
July 2021
Alternative Lenders
Alternative Lenders
Alternative lenders’ approval rates rose from 27.1% in June to 27.2% in July. These lenders have seen the largest growth in approvals since 2021, up almost 3 percent.
Monthly
Comparison		 +0.1%
27.2%
July 2022
27.1%
June 2022
Yearly
Comparison		 +2.5%
27.2%
July 2022
24.7%
July 2021
Credit Unions
Credit Unions
Credit unions slipped slightly from 20.5% in June to 20.4% in July.
Monthly
Comparison		 -0.1%
20.4%
July 2022
20.5%
June 2022
Yearly
Comparison		 -0.1%
20.4%
July 2022
20.5%
July 2021
Want to see trends? View past months
  June 2022    May 2022    April 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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