The U.S. Small Business Administration, Office of Advocacy
First published January 2020
U.S. banks play an integral role as credit suppliers to small businesses. Small businesses comprise of nearly all employer firms in the economy and employ 47.3 percent of the private sector workforce (SBA Advocacy, 2019). The existence and performance of these vibrant businesses depend on how banks and other financial intermediaries are responding to their credit needs. This report uses publicly available data on U.S. banks to analyze the patterns in small business lending.
Similar to last year’s report, this report incorporates a brief discussion on minority depository lending institutions. Additionally, detailed small business lending information on all depository institutions for each state is available on Advocacy’s webpage in a user-friendly format. Most importantly, an effort has been made to present information in this report in a more digestible and visual manner in the form of summary tables and figures.