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Infographic: SBA Loans by Business Type for 2023

The 2023 Small Business Administration (SBA) loan data reveals a clear preference for Limited Liability Companies (LLCs) among loan recipients. Out of the total 63,286 loans distributed, LLCs dominated the landscape with 40,325 loans, representing approximately 64% of all SBA loans issued that year. Corporations ranked second with 15,521 loans (about 25% of the total), … Read more

Corporate Transparency Act Update: New March 2025 Deadline Set as FinCEN Resumes Enforcement

The Corporate Transparency Act enforcement has resumed following the stay of the last remaining nationwide injunction. Here are the key updates and deadlines: New Primary Deadline: March 21, 2025 Special Deadline Exceptions: Important Considerations: The situation remains fluid, with ongoing litigation that could potentially impact these requirements further. Companies should stay informed about potential changes … Read more

Infographic: SBA Number of Approved Loans by Year

The Small Business Administration (SBA) loan approval data from 2014 to 2023 reveals interesting patterns in small business lending over the past decade. The number of approved loans showed steady growth in the early years, increasing from 58,041 in 2014 to reach a peak of 70,082 approvals in 2016. However, following this peak, the numbers … Read more

Infographic: SBA Loans by Gender for 2023

The 2023 Small Business Administration (SBA) loan data reveals significant disparities in lending distribution across gender lines. Male-owned businesses dominated the lending landscape, receiving 42,406 loans, which represents approximately 67% of all SBA loans distributed that year. In comparison, businesses with majority female ownership (more than 50%) received 13,062 loans, accounting for roughly 21% of … Read more

Infographic: SBA Unpaid Principal Balance (UPB) by Year

The Small Business Administration’s (SBA) Unpaid Principal Balance has shown consistent growth over the past decade, reflecting an expanding portfolio of small business loans. From 2014 to 2023, the UPB increased by approximately $55.5 billion, representing a 53.8% growth over this period. The data shows a steady year-over-year increase, with the UPB starting at $103.1 … Read more