The number of bank loans being made to small businesses declined slightly in the one-year period that ended June 30, but the average size of those loans increased by nearly 11%, according to a report by the bank research firm Veribanc Inc.

In its quarterly analysis of Federal Reserve Board data, Wakefield, Mass.-based Veribanc found that banks made 7.83 million loans to small businesses in the 12 months, down 2.5% from a year earlier. The decline followed four straight years of double-digit growth.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.