California Small Businesses – Five Fast Facts

March 12, 2024

Delaney Sexton
Contributing Editor

California Small Businesses – Five Fast Facts

California had 4.1 million small businesses and 7.5 million small business employees in 2023.
$11.7 billion in loans were made to businesses with revenues of $1 million or less.
New loans of $100,000 or less reached $18.1 billion in 2021.
Small businesses in California exported $69.1 billion in 2021.
Women owned 43.2% of businesses, Hispanics owned 24.2% of businesses, and racial minorities owned 28.3% of businesses.