Business Lending Data | GUD Capital
For most banks, lending to small businesses, especially in the lower dollar range, is costly and risky, Karen Mills, former SBA administrator, wrote in a recent article published by the Harvard Business School. The crunch has led the agency to shift its focus to smaller loans often called microloans. Starting in 2014, the agency waived all fees on loans of less than $150,000.
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Business Loan Approval Rates by Institutional Lenders Big Banks
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