Biz2Credit already works with HSBC and Popular Bank who leverage their software-as-a-service loan management, servicing and risk analytics product; with...
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Big banks reported their seventh consecutive month of increased approval rates at 24.1%; small bank lending approvals decreased in February to 48.8% from 48.9%; institutional lending approvals reached a new high of 63.5%; the approval rate for credit unions remained at 40.8%; the loan approval rate for alternative lenders decreased to 58.4% from 58.5% in January and has been trending lower over the past twelve months with February 2016 reporting an approval rate of 60.8%. Source
Institutional investors and small banks increased their small business lending in March, according to the Biz2Credit Small Business Lending Index report; institutional lending approvals increased to 63.6% and small bank approvals increased to 48.9%; the approval rate at big banks was unchanged at 24.1%; the approval rate at credit unions decreased to 40.7%; the approval rate at alternative lenders decreased to 58.2%. Source