Illinois Small Businesses: Five Fast Facts

March 27, 2024

Delaney Sexton
Contributing Editor

Illinois Small Businesses: Five Fast Facts

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.