Lending for small businesses is at an all-time high in Georgia.

A recent report released by the Georgia Small Business Administration shows that $1.41 billion was loaned in the state last year.

In the last two quarters ending March 31, $650 million in loans were disbursed to small businesses statewide.

“The lending environment is much better than it was 10 years ago,” said Drew Tonsmeire of the UGA Small Business Development Center at Kennesaw State University, says the lending environment is much better than it was 10 years ago.

He said businesses are able to access different sources of funding aside from banks, such as SBA loans and lines of credit from online lenders.

Some still struggle to access credit, The Atlanta Journal-Constitution reported . A 2017 Federal Reserve Bank report showed smaller firms struggling to access credit compared to larger, more established businesses.

Also, women still have more of a disadvantage when it comes to securing business loans, the newspaper reported. There are close to 10 million female-owned businesses in the nation, which account for $1.4 trillion in receipts, data from the U.S. Department of Labor shows.

Nationwide, only 27 percent of women who applied for funding in the first quarter of 2018 were approved compared to the overall success rate of 42.6 percent, according to a study conducted by the Pepperdine Graziadio Business School in conjunction with research firm Dun & Bradstreet.