Loan Approvals for Small Business Soars

small businessIf you’re a small business owner looking for funding, there’s good news, according to the Biz2Credit Small Business Lending Index.

According to the index, March 2016 saw the days of mass rejection of small business loans coming to an end, following the analysis of 1000 small businesses.

It was revealed that big banks approved 23 per cent of funding requests in March which is an increase from the previous month.

Institutional lenders also improved their approval rates from 62.7 per cent to 62.8 per cent in March.

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