Approval of small businesses loans in the U.S. 2019-2023, by lender type

Published by
Fernando de Querol Cumbrera,
Jun 12, 2024
The type of lender with the highest approval rates of loans to SMEs in September 2023 were alternative lenders, which accepted nearly 30 percent of applications in the United States. Meanwhile, institutional lenders approved approximately 27.5 of the loan applications received. Credit unions and small banks had the lowest approval rates for loans to small businesses.

Approval rate of small businesses loans in the United States from September 2019 to September 2023, by lender type

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Release date

November 2023

Region

United States

Survey time period

September 2019 to September 2023

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Statistics on " Bank loans in the United States "

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