Indiana Small Businesses: Five Fast Facts

March 28, 2024

Delaney Sexton
Contributing Editor

Indiana Small Businesses: Five Fast Facts

There are 537,058 small businesses in Indiana which employ 1.2 million people.
Between March 2021 and March 2022, 17,443 small businesses opened.
In 2021, banks issued $1.8 billion in loans to businesses with revenues of $1 million or less.
New lending to businesses through loans of $100,000 or less was $1.8 billion.
84.8% of businesses that exported goods from Indiana were small businesses.