Arkansas Small Businesses – Five Fast Facts

March 11, 2024

Delaney Sexton
Contributing Editor

Arkansas Small Businesses – Five Fast Facts

  • New lending to businesses through loans of $1 million or less was $3.2 billion in 2021.
  • $1.3 billion in loans went to Arkansas small businesses with revenues of $1 million or less.
  • 77.4% of exporters in the state were small businesses.
  • From March 2021 to March 2022, 10,357 small businesses opened.
  • During that same period, small businesses contributed a net increase of 25,937 jobs.

Source:
SBA Office of Advocacy 2023 Arkansas Small Business Profile