The SBA Office of Advocacy released their annual study of Small Business Lending in the United States and the study found that overall lending and borrowing by financial depository institutions and small businesses in 2011 declined from the prior year.
The study found that although business lending in amounts over $1 million had a healthy increase small business lending under $1 million declined. Small business loans outstanding in June 2011 were valued at $606.9 billion, down 6.9 percent from $652.2 billion the previous year. The dollar volume of borrowing by large corporations in loan sizes over $1 million increased by 5.8 percent in 2011, compared with an 8.9 percent drop in 2010.The Office of Advocacy’s latest small business lending report can be a valuable small business tool because it tells you who is making small business loans in each state. The report also provides several rankings at the national and state levels to help borrowers.
To download a copy of the free report visit: Small Business Lending in the United States 2010-2011