Biz2Credit Index Sees Institutional Lending Continue to Climb

While institutional lenders continued to gain ground on the small business lending front, Biz2Credit’s Small Business Lending Index for August saw a slight slump for big and small banks.

Biz2Credit ascribed the 0.1 point drop to the issues related to the Small Business Administration reaching its $18.75 billion spending cap in late July. The cap included the SBA’s flagship 7(a) Loan Guaranty Program, which guarantees loans to small businesses owned by women, Latinos and veterans.

Biz2Credit Index Sees Institutional Lending Continue to Climb