A recent drop in loan approvals by the Small Business Administration (SBA) resulting from the partial government has coincided with an uptick in small business loan approvals issued by large banks and could lead to a rise in consumers seeking alternative lending solutions, according to the Biz2Credit Small Business Lending Index.
If the shutdown continues, large banks and alternative lenders could close the gap on smaller institutions in the small business lending market.
Find out more details revealed in the report.