There are signs that the economy is coming out from the last recession as reported from recent surveys that found that small business lending is on a rise.

‘Greenwich Associates’, a market research firm for major banks recently surveyed small businesses and found that 59 percent of businesses applied for loans within last 12 months and the demand increased in every quarter, henceforth. Out of all the businesses that filed applications for loans, 57 percent reported winning approval from banks. That normalcy is returning to small business lending market is found from the research conducted by Greenwich.

A similar survey is also being conducted by ‘Capitol One’ states that 85 percent of U.S. small businesses found financing up from 70at same time last year. Business ownership hence becomes an even more viable option when it comes to career transition especially when the availability of capital is made easier.

A Small Business Lending Summit in Washington, D.C, have found leaders belonging to the regulatory, financial, and small business communities need to take a proactive role in developing and coordinating aggressive measures so as to improve access to credit and spur business growth.

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