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How Big is the Small Business Lending Market?

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February 26, 2014

By Bob Coleman
Editor, Coleman Report

CRPMGraph022614$1 trillion says SBA’s Office of Advocacy. This just released two page report is a nice overview of the current state of small business lending.

Here are some stats for 2013;

  • Small Business Borrowing from Banks – $585 billion
  • Small Business Borrowing from Finance Companies – $422 billion
  • Average Startup Capital – $10,000 to $80,000
  • Credit Cards as Source of Startup Capital – 7%
  • Why borrow money?
  • Start a Business
  • Purchase Inventory
  • Expand the Business
  • Strengthen the Business
  • Loan Underwriting Standards – Easing
  • Loan Demand – Rising

Check out the report here

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