Despite low demand and a shrinking pool of qualified candidates, loan growth priorities continue to rank high for most small-business lenders – both for small to midsize banks and large financial institutions. Between 2006 and 2010, overall loan applications were down 5 percent where large financial institutions saw small-business loan applications rise 36.5 percent. Banks and credit unions with assets less than $500 million showed the most significant increase of 65 percent.
Read more of the blog series: “Getting back in the game – Generating small business applications.”
Source: Decision Analytics’ Blog: Relationship and Transactional Lending Best Practices