Oklahoma Small Businesses: Five Fast Facts

May 8, 2024

Delaney Sexton
Contributing Editor

Oklahoma Small Businesses: Five Fast Facts

371,640 small businesses made up 99.4% of all Oklahoma businesses.
Oklahoma small businesses contributed 68.7% of new jobs in the state between March 2021 and March 2022, which amounted to 30,611 jobs.
In 2021, $1.2 billion in new loans were issued to businesses with revenues of $1 million or less.
Total reported new lending to businesses through loans of $1 million or less was $3.5 billion.
Small businesses accounted for 51% of Oklahoma employment in 2020, which exceeded the national small business employment share.