Big banks are reporting an increased appetite for lending to small businesses and, in doing so, they are slowly stealing market share from smaller lenders.

Financial institutions with at least $10 billion of assets approved 19.4% of small business loans last month, according to Biz2Credit's monthly index of business lending trends. The April approval rate for big banks, up 6 basis points from the previous month, was the highest recorded by Biz2Credit since the New York firm began tracking monthly lending data in January 2011.

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