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Small Business Statistics: 19 Essential Numbers to Know (2019)

Fundera

In March 2016, big banks approved 23% of funding requests , institutional lenders (which include savings banks and life insurance companies) approved 62.8%, small banks approved 48.7%, alternative lenders (like the ones Fundera works with) approved 60.7%, and credit unions approved 42% of loan applications. .

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Business Statistics: 19 Essential Numbers to Know in 2019

Fundera

In March 2016, big banks approved 23% of funding requests , institutional lenders (which include savings banks and life insurance companies) approved 62.8%, small banks approved 48.7%, alternative lenders (like the ones Fundera works with) approved 60.7%, and credit unions approved 42% of loan applications. .

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17 Small Business Statistics You Need to Be Well Aware of

Fundera

Between the middle of 2009 and the middle of 2013, 60% of the jobs created were from small businesses. in 2013, according to the SBA’s Office of Advocacy—while S-corporations paid double that (31.6%). In the first three fiscal quarters of 2014, reports the SBA, small businesses added 1.4 How often do small businesses fail?