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spiritualadult724: Small banks provided some of the financing to 76 percent of small businesses while large banks approved loans for 58 percent of those that applied. Related: 8 Ways to Build Your Company's Credit The recent report from the Federal Reserve Banks...
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Small banks provided some of the financing to 76 percent of small businesses while large banks approved loans for 58 percent of those that applied. Related: 8 Ways to Build Your Company's Credit The recent report from the Federal Reserve Banks of New York, Atlanta, Cleveland, Philadelphia, St. Louis, Boston and Richmond, Va., laid out the current state of small-business financing, lending and access to credit and read this article capital. The 2015 Small Business Credit Survey polled 3,500 small businesses from 26 states. Respondents said they've seen improvements in 2015 in revenue, profitability and job growth over 2014. Forty seven percent of small businesses that took part in a Federal Reserve study, most of which are in professional services and real estate, reported that they had sought financing within the last 12 months. Half of the applicants said that they were approved for the amount they applied for. http://finance.yahoo.com/news/small-banks-more-likely-businesses-180400057
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