Big Bank Approval Rates for Small Business Loans Continue to Climb, According to September 2014 Biz2Credit Small Business Lending Index

New York, NY (PRWEB) October 07, 2014

Small business loan approval rates at big banks reached a post-recession high for the sixth consecutive month, according to the September 2014 Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Small business loan approval rates at big banks ($ 10 billion+ in assets) rose to 20.6% in September from 20.4% in August.

Meanwhile, the percentage of loans granted by small banks slipped to 50.3% from 50.6% last month. In a year-to-year comparison, small business lending approval rates are up nearly 20 percent at big banks, while remaining almost stagnant at small banks.

“Big banks really have roared back into the small business finance marketplace,” said Biz2Credit CEO Rohit Arora, who oversaw the research. “As the economy continues its slow but steady rebound, small business optimism grows, and entrepreneurs are more willing to invest in their companies.”

Meanwhile, institutional lenders granted 59.5% of the funding requests they received in September, a slight increase from 59.4% in August. Lending approval rates by these institutional lenders has increased every month since Biz2Credit began monitoring this category of lenders in January 2014.

“We are seeing more creditworthy applicants get funding from institutional investors, whose interest rates are more attractive than those of other non-bank lenders,” explained Arora, one of the nation’s leading experts in small business lending.

At the same time, approval rates at alternative lenders — merchant cash advance companies, factors, and other non-bank institutions — slipped for the eighth consecutive month to 62.6% in September, from 62.7% in August. Credit unions granted 43.4% of loan applications in September, which matched its loan approval rate last month. However, a year-to-year comparison shows that lending approval rates at credit unions are down as they continue to be an afterthought by small business loan applicants.

To view the historic chart of the Biz2Credit Small Business Lending Index, visit

About the Biz2Credit Small Business Lending Index

Biz2Credit analyzed loan requests ranging from $ 25,000 to $ 3 million from companies in business more than two years with an average credit score above 680. Unlike other surveys, the results are based on primary data submitted by more than 1,000 small business owners who applied for funding on Biz2Credit’s online lending platform, which connects business borrowers and lenders.

About Biz2Credit

Founded in 2007, Biz2Credit has arranged more than $ 1.2 billion in small business funding throughout the U.S. and is widely recognized as the #1 online credit resource for startup loans, lines of credit, equipment loans, working capital and other funding options. Using the latest technology, Biz2Credit matches borrowers to financial institutions based on each company’s unique profile — completed in less than four minutes — in a safe, efficient, price-transparent environment. Biz2Credit’s network consists of 1.6 million users, 1,300+ lenders, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers. Visit, follow on Twitter @Biz2Credit, and join on Facebook at

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Six Buchman Provine Brothers Smith LLP Attorneys Recognized by 2014 Super Lawyers

Walnut Creek (San Francisco), California (PRWEB) July 16, 2014

Buchman Provine Brothers Smith LLP is pleased to announce that J. Wesley (Wes) Smith, Tonya D. Hubinger, Horace W. Green, Connor M. Day, Ericka L. Ackeret and Dominic V. Signorotti have been selected to the 2014 Northern California Super Lawyers list. This is an exclusive list, recognizing no more than five percent of attorneys in Northern California.    

About Super Lawyers

Super Lawyers, a Thomson Reuters business, is a research-driven, peer influenced rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement. Please join us in congratulating our attorneys on their selection.

About Buchman Provine Brothers Smith LLP

Buchman Provine Brothers Smith provides responsive, high-quality legal advice across a broad range of issues affecting businesses and individuals. Located in Walnut Creek, they counsel clients with prompt, innovative, and cost-effective solutions to their legal problems. They make sure their clients are informed, and invite them to be active participants in the resolution of their legal matters.

Whether your needs involve negotiating and documenting your next big deal, managing your company’s current policies and procedures, planning for the future of your family or business, or help resolve a dispute, they can help. Call them today to learn how they can help you.

Buchman Provine Brothers Smith LLP is a member of the International Society of Primerus Law Firms.


Naperville DUI Lawyer Invited to Present at The National College for DUI Defense Seminar Held at Harvard Law School

Naperville, IL (PRWEB) July 16, 2014

Ramsell & Associates, LLC is pleased to announce that Naperville DUI lawyer Donald J. Ramsell will be speaking at the 2014 National College for DUI Defense’s (NCDD) Summer Session.

The four-day, member only event will be held on the property at Harvard Law School in Cambridge, Massachusetts. The NCDD Summer Session commences on Thursday, July 23 and runs through Saturday, July 26. The program will be an intensive focus on developing and fine tuning trial skills for all attendees. The NCDD is a professional, non-profit organization dedicated to the enhancement of the criminal defense bar, and to the distribution of information to the public regarding DUI defense law. NCDD members represent the most experienced DUI defense attorneys in the country.

Naperville DUI lawyer Donald Ramsell will conclude Friday’s summer session with his presentation entitled The “Just Say No” Case: Refusals at Every Stage of the Arrest. Ramsell has experience presenting at criminal law seminars across the country. Most recently he has presented at the 49th Annual Illinois Traffic Conference and MCDAA’s 11th Annual Advanced DUI Defense Seminar in Maryland.

“I am honored to be invited to present among such a distinguished group of criminal defense lawyers. I hope my presentation will provide further insight to DUI law and refusal cases,” says DuPage DUI attorney Donald Ramsell.

In addition to his active membership within the NCDD, DuPage DUI lawyer Donald Ramsell was selected for membership to the Top 100 Trial Lawyers organization in 2013. The organization acknowledges attorneys for their skill and success held by only the elite attorneys in the United States. He was also named a 2014 Illinois Super Lawyer, which marks his 8th Super Lawyer designation.

Ramsell is a managing partner at Ramsell & Associates, LLC. He focuses his legal practice on criminal law, DUI’s drug crimes, felonies, misdemeanors and traffic violations. Ramsell and his DuPage criminal law firm have been featured on CNN, 20/20, CBS, NBC, FOX, COURT –TV and Hannity and Colmes.

Ramsell & Associates, LLC is located in Wheaton, IL. The DuPage criminal law firm has defended over 13,000 clients since opening in 1986. If you are dealing with a criminal law matter and would like to work with an experienced criminal attorney call 1-800-DIAL-DUI or fill out the online contact form for a free case review.

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