NEWSRELEASE
For Release: November 22,
2002
Contact: John McDowell (202) 205-6941
SBA Number: 02-45 ADVO
john.mcdowell@sba.gov
Small Business Loans Increase During Past Year
Small Business Lending Increases 5.4 Percent In 2001
WASHINGTON, D.C. – Small business lending increased by 5.4 percent in 2001,
according to a study released today by the Office of Advocacy of the U.S. Small
Business Administration (SBA). Small business loans (under $1 million) totaled
$460 billion in June 2001, an increase of $23 billion over 2000.
The report, “Small Business Lending in the United States, 2001 Edition,”
analyzes bank lending patterns across the United States and across commercial
bank sizes. It found that smaller business lending increased at a faster rate
than larger loans as loans over $1 million only increased by 0.9 percent.
The report ranks commercial banks in individual states based on their small
business loan portfolios and also ranks major bank holding companies in the
national market.
“This report offers small businesses, banks, and those interested in how small
business are financed a way to compare commercial banks and bank holding
companies. It is one way to measure their commitment to small business,” said
Thomas M. Sullivan, Chief Counsel for Advocacy.
The report is based on data from both Community Reinvestment Act (CRA) reports
and Consolidated Reports of Condition and Income (call reports). The call report
and CRA data both provide useful information, but are not comparable. CRA data
reflect loans made during the year, while the call reports measure all
outstanding loans as of June 30.
For more information and the complete report, visit the Office of Advocacy
website at www.sba.gov/advo.