In 2021, 1,380 fewer microloans were granted to small businesses in the United States by the Small Business Administration Microloan Program than in the previous year. The Small Business Administration is an U.S. government agency that supports small businesses through several programs such as microlending. However, there are also other non-governmental microloan providers in the U.S.
Number of microloans granted by Small Business Administration Microloan Program to small businesses in the United States from financial year 2010 to 2021
The source provides the following information: "The Small Business Administration’s (SBA’s) Microloan program provides direct loans to qualified nonprofit intermediary lenders who, in turn, provide “microloans” of up to $50,000 to small businesses and nonprofit child care centers. It also provides marketing, management, and technical assistance to microloan borrowers and potential borrowers."
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CRS. (March 30, 2022). Number of microloans granted by Small Business Administration Microloan Program to small businesses in the United States from financial year 2010 to 2021 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/561321/number-of-microloans-granted-by-sba-to-small-businesses-usa/
CRS. "Number of microloans granted by Small Business Administration Microloan Program to small businesses in the United States from financial year 2010 to 2021." Chart. March 30, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/561321/number-of-microloans-granted-by-sba-to-small-businesses-usa/
CRS. (2022). Number of microloans granted by Small Business Administration Microloan Program to small businesses in the United States from financial year 2010 to 2021. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/561321/number-of-microloans-granted-by-sba-to-small-businesses-usa/
CRS. "Number of Microloans Granted by Small Business Administration Microloan Program to Small Businesses in The United States from Financial Year 2010 to 2021." Statista, Statista Inc., 30 Mar 2022, https://www.statista.com/statistics/561321/number-of-microloans-granted-by-sba-to-small-businesses-usa/
CRS, Number of microloans granted by Small Business Administration Microloan Program to small businesses in the United States from financial year 2010 to 2021 Statista, https://www.statista.com/statistics/561321/number-of-microloans-granted-by-sba-to-small-businesses-usa/ (last visited December 22, 2024)
Number of microloans granted by Small Business Administration Microloan Program to small businesses in the United States from financial year 2010 to 2021 [Graph], CRS, March 30, 2022. [Online]. Available: https://www.statista.com/statistics/561321/number-of-microloans-granted-by-sba-to-small-businesses-usa/
