Wisconsin Small Businesses: Five Fast Facts

June 3, 2024

Delaney Sexton
Contributing Editor

Wisconsin Small Businesses: Five Fast Facts

There are 457,769 small businesses in Wisconsin.
Between March 2021 and March 2022, there were 20,404 small business openings in the state.
In 2021, banks issued $1.7 billion in loans to businesses with revenues of $1 million or less.
New lending to small businesses through loans of $1 million or less was $5.4 billion.
Small businesses accounted for 48.7% of Wisconsin employment in 2020, which exceeded the national small business employment share.