Small businesses are less successful at securing loans from the biggest banks in the U.S than are customers at other commercial banks, per an NFIB report. Experts cited big banks’ reliance on automated credit scores as opposed to the more relationship-driven, labor-intensive credit analysis done by smaller banks. “It appears that the nation’s largest banks have not filled the credit needs of their small business customers nearly as well as smaller institutions have filled the needs of theirs,” the NFIB report says.
More here: NFIB Report for Small Business Loans
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