Statistics About The Average Small Business Loan Amount

In this post, we will explore a variety of statistics related to small business loan amounts. From the average loan sizes offered by different SBA loan programs to specific industry averages and loan amounts for various circumstances, we will provide a comprehensive overview of small business lending trends in recent years. Whether you are a small business owner seeking funding or simply interested in understanding the financial landscape for entrepreneurs, these statistics offer valuable insights into the world of small business loans.

Statistic 1

"Small business loans with the SBA 7(a) loan program offered an average loan size of $420,000 in 2020"

Statistic 2

"SBA 504 loans in 2020 provided an average loan amount of $1.2 million"

Statistic 3

"For businesses with revenue under $5M, the average Small Business Administration loan size was $333,182 in 2018"

Statistic 4

"Small businesses in California received the highest average SBA microloan amount of $34,992 in 2020"

Statistic 5

"The average SBA loan size for accommodation and food services in 2019 was $201,290"

Statistic 6

"The average business loan size of nonbank online lenders was $50,000 - $80,000 in 2017"

Statistic 7

"The average SBA disaster loan for businesses impacted by natural disasters in 2020 was $160,700"

Statistic 8

"In 2020, the average size of an SBA-approved Veterans Advantage loan was $375,000"

Statistic 9

"The average loan size for Paycheck Protection Program (PPP) loans in 2020 was $206,000"

Statistic 10

"The average small business loan amount in the manufacturing sector was $683,000 in 2014"

Statistic 11

"In 2017, minority owned businesses received an average small business loan size of $149,000"

In conclusion, small business loan amounts vary significantly depending on the lending program and the specific characteristics of the businesses involved. The statistics presented show a wide range of average loan sizes, from as low as $34,992 for microloans in California to as high as $1.2 million for SBA 504 loans. Factors such as industry sector, annual revenue, geographic location, and special eligibility criteria, such as for veterans or minority-owned businesses, all play a role in determining the average loan amount. These figures highlight the diversity of financial needs and opportunities available to small businesses seeking funding through various loan programs.