Economic flare-ups may be once again taking their toll on small business lending. Both supply and demand of small business loans dropped for the first time this year in April.
The Biz2Credit Small Business Lending Index found that loan approvals by big banks (those with more than $10 billion in assets) dropped from 10.9% in March to 10.6% in April. In March 2011, the approval rate was 11.6%. Read More...
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