Infographics

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

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

The 2023 Small Business Administration (SBA) loan data reveals a clear pattern in lending distribution across different business sizes. The overwhelming majority of SBA loans were granted to very small businesses, with companies employing 5 or fewer people receiving 38,988 loans, representing approximately 62% of all loans distributed. This significantly outpaces all other business size … Read more

The 2023 Small Business Administration (SBA) loan data reveals that established businesses were the primary beneficiaries of SBA lending programs, with businesses operating for more than two years receiving 35,149 loans, representing approximately 56% of all loans distributed. This significant majority suggests that lenders tend to favor businesses with proven track records and established operations. … Read more

The Small Business Administration’s (SBA) gross approval amounts demonstrate interesting trends over the past decade. From 2014 to 2018, there was a steady upward trajectory, with approvals growing from $26.3 billion to $33 billion. The years 2019 and 2020 saw a slight decline to around $30 billion, likely due to economic uncertainties. The most notable … Read more

The Small Business Administration’s lending programs show interesting trends over the past decade (2014-2023). The 7(a) Regular loan program, which is SBA’s primary lending program, has been the dominant funding source throughout the period. It maintained relatively stable approval amounts between $23-26 billion from 2014-2020, before experiencing a significant spike to $37 billion in 2021, … Read more