Quick Answer
Small-business lending volume is split across large banks, small banks, online lenders, and SBA-backed channels - with approval rates and average sizes varying meaningfully across these channels.
Key Takeaways
- Online lenders have higher approval but smaller average size.
- Banks dominate larger originations.
- SBA-backed lending expands access for borderline credit profiles.
The Channel Mix
Borrowers commonly evaluate channels by approval probability, speed, cost, and total available amount - each channel has trade-offs across these dimensions.
Frequently Asked Questions
Where is this data published?
The Federal Reserve's Small Business Credit Survey and the SBA both publish ongoing data.