Illinois Small Businesses: Five Fast Facts
March 27, 2024
Delaney Sexton
Contributing Editor
Illinois Small Businesses: Five Fast Facts
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- There are 1.3 million small businesses in Illinois.
- From March 2021 to March 2022, 39,600 small businesses opened.
- Illinois banks reported $15.6 billion in new lending through loans of $1 million or less.
- Illinois’s top small business industry is transportation and warehousing, and nearly 184,000 small businesses fall under this industry
- 89.6% of Illinois’s exporters were small businesses.
Source:
SBA Office of Advocacy 2023 Illinois Small Business Profile