If your small business is looking for financing, you might want to start with small regional or community banks.

According to a new Federal Reserve Bank survey, about 60 percent of businesses seeking a loan were approved by a local lender, for at least part of the requested amount.

That’s just one of the findings from the annual Small Business Credit Survey by the Federal Reserve Banks in New York, Atlanta, Cleveland and Philadelphia. While it’s not a national look at lending needs, it does provide a look at some of the biggest markets.

The survey also found that:

The smaller you are, the less likely you are to seek credit // Nearly 60 percent of firms with $10 million or more in revenue had asked for loans during the first half of 2014. Of companies making $250,000 to $1 million, only 30 percent had sought credit. A mere 18 percent of businesses with less than $250,000 asked for a loan during that time.

Those seeking loans tend to ask for smaller amounts // More than half of those seeking loans were asking for no more than $100,000.

More lending is being used to fund expansion // About 40 percent of respondents who needed loans said they planned to use the money to grow their companies.

Online lenders are starting to win more business from entrepreneurs // Nearly 20 percent of respondents had asked for funding from an online lender during the period in question.