Louisiana Small Businesses: Five Fast Facts

April 8, 2024

Delaney Sexton
Contributing Editor

Louisiana Small Businesses: Five Fast Facts

There are 464,681 small businesses in Louisiana.
From March 2021 to March 2022, 11,189 small businesses opened, but more small businesses closed than opened in Louisiana.
Small businesses contributed 20,041 new jobs from March 2021 to March 2022. That is 58.3% of all jobs added in Louisiana that year.
Total reported new lending to businesses through loans of $1 million or less was $5.4 billion.
Total reported new lending to businesses through loans of $100,000 or less was $1.7 billion.