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’s charge-off amounts show significant fluctuation over the ten-year period from 2014 to 2023. The data reveals a notable peak in 2015, when charge-offs reached $1.837 billion, followed by a gradual decline in subsequent years. After 2015, there was a sharp downward trend, with charge-offs dropping to $803 million in 2017 and … Read more

The Small Business Administration (SBA) loan data for 2023 reveals significant regional variations in small business lending across the United States. California dramatically leads the nation with 7,292 SBA loans, demonstrating its robust small business ecosystem and entrepreneurial environment. This is nearly 40% more than the second-ranking state, Florida, which recorded 5,238 loans. The data … 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