Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.4{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} in April from 13.5{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} in May 2021, according to the latest Biz2Credit Small Business Lending Index. Small banks’ approvals jumped higher from 18.2{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} in April, to 18.7{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} in May.

  Read more
Though some companies have received fat PPP payouts, real estate received just 4.6{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of the loans distributed in New York. (iStock)

Though some companies have received fat PPP payouts, real estate received just 4.6{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of the loans distributed in New York. (iStock)

The federal Paycheck Protection Program (PPP) has been hailed as a life saver for small businesses in New York. But not all sectors have benefited equally.

New York has

  Read more