Supporting small business was among the top economic stories of the year, and the rise in lending to those growing companies was the most important development in 2011.
It’s a story we saw developing since the credit crunch tightened the spigots on funding for small businesses. When the big banks said no, small banks and non-bank lenders increasingly said yes. Over the course of 2011, big banks rejected loan applications about 90 percent of the time. Smaller banks approved nearly half of small business funding requests, while alternative lenders granted approvals more often than not.
To read the full, original article click on this link: Small Business Story of the Year: The Rise of Alternative Lending
