Small banks beat out their larger counterparts last month with a bigger jump in approvals for loans to small businesses, according to the Biz2Credit Small Business Lending Index.

A monthly analysis of 1,000 loan applications on Biz2credit.com found that loan approvals in June by banks with less than $10 billion of assets totaled 47.5%, up two percentage points from May and five percentage points from a year earlier.

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