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Milwaukee City Wire

Sunday, February 2, 2025

Small business loan approval rates continue to climb

Apform

Metropolitan Milwaukee Association of Commerce issued the following announcement on Feb 15.

Our membership team is fortunate to connect with many of our small and mid-sized business members each week. It is uplifting to hear a lot of confidence and theme of growth opportunities in 2022.  

80% of surveyed MMAC businesses recently said they expect increases in real sales this year.

Economic recovery appears to be bolstering consumer spending – and our members in banking and lending tell us many clients are investing to boost inventory, to meet demand.  Fortunately, recent numbers from the Small Business Lending Index show growth in loan approvals across all lending institutions.

As a strong Community Bank, we continue to aggressively look for qualified new business relationships. We have the resources to be supportive and provide financing for working capital, equipment, business acquisition and commercial real estate,” says Dick Hensley, President – S.E. Wisconsin at National Exchange Bank & Trust.

Check out our online member directory of MMAC Member Financial & Lending Institutions below:

Services

Banks

Business Lending

Financial Services

Financing

Original source can be found here.

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