Small Business Loan Approval Rates Continue to Climb - But Still Far Below Pre-COVID Approval Levels

Loan approval rates from all types of lenders continue to rise in very small increments, according to the Biz2Credit Small Business Lending Index released February 8. With the expected increase in the interest rate from the Federal Reserve, now is the time to apply for commercial financing.

Loan approval rates through January 2022. Credit: Biz2Credt