NEWSRELEASE
For Release: November 15, 2005 Report Documents Increased Access To Capital In 2004 WASHINGTON, D.C. - Small business loans outstanding by commercial banks
increased by 5.5 percent between June 2003 and June 2004, according to a study
released today by the Office of Advocacy of the U.S. Small Business
Administration. “Increased access to credit is essential for the survival and growth of
American small business,” said Dr. Chad Moutray, Chief Economist for the Office
of Advocacy. “The information contained in this report helps small business
owners find banks providing that access, and it helps banks understand how they
compare to their competitors in commitment to small business lending.” The report,
Contact: David
Voight, (202) 205-6888
david.voight@sba.gov
SBA Number: 05-49 ADVO
Press Kit
Small business loans outstanding (loans under $1 million) totaled $522 billion as of June 2004, an increase of $27 billion or 5.5 percent between June 2003 and June 2004. This compared with an increase of 2.3 percent during the previous period, according to the Call Report data.·
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Large multi-billion-dollar banks and BHCs made 67 percent of micro business loans in the year ending June 30, 2004 compared to 64 percent in 2003. This increased share appears related to the increased promotion of small business credit cards by BHCs.The Office of Advocacy prepares an annual study of bank lending focusing on business loans under $1 million and under $100,000. The current study provides a brief review of bank lending activities in 2003-2004 based on the two types of data reported by banks to their regulating agencies-the Call Reports for June 2004 and the CRA reports for 2003.
The Office of Advocacy, the “small business watchdog” of the government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly formats and it funds research into small business issues.
For more information and a complete copy of the report including the ranking of banks by state, visit the Office of Advocacy website at
www.sba.gov/advo/research/2004.html.###
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. For more information, visit
www.sba.gov/advo, or call (202) 205-6533.