Banks with at least $10 billion in assets are becoming more aggressive when it comes to giving out small business loans, but the group still approves credit at a much smaller rate than its competitors, a Biz2Credit study found.

Small business loan approval rates at big banks rose to 20.1% in July, more than two and a half percentage points higher than a year earlier, according to the study by Biz2Credit, an online loan marketplace. The larger banks are using their advantages with branding and technology to be more efficient players in small business lending, said Rohit Arora, chief executive officer of Biz2Credit, in the monthly report.

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