CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Private Loans to Small Business

Definition

The dollar amount of small business loans (defined as private business loans of $1 million or less) made in 2009, per worker.

Description

Small businesses drive the economy. Not only do they employ more than half the private sector workforce and serve as an engine for job creation, business ownership is also second only to homeownership as a source of wealth for Americans. 

In order to survive and prosper, small businesses need access to credit from lending institutions. The greater the volume of small business lending, the better supported small businesses are. 

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Private Loans to Small Business

StateSmall Business Loans
Per Worker ($)
Rank
United States  $1,322   
Alabama  $1,653 
Alaska  $1,832 
Arizona  $1,133  42 
Arkansas  $959  51 
California  $1,362  25 
Colorado  $1,580 
Connecticut  $1,066  49 
Delaware  $1,219  35 
District of Columbia  $1,224  34 
Florida  $1,151  39 
Georgia  $1,404  19 
Hawaii  $1,372  23 
Idaho  $1,941 
Illinois  $1,407  17 
Indiana  $1,208  36 
Iowa  $1,040  50 
Kansas  $1,148  40 
Kentucky  $1,099  45 
Louisiana  $1,471  14 
Maine  $1,832 
Maryland  $1,156  38 
Massachusetts  $1,080  48 
Michigan  $1,564  11 
Minnesota  $1,268  31 
Mississippi  $1,420  16 
Missouri  $1,281  30 
Montana  $1,397  20 
Nebraska  $1,317  27 
Nevada  $1,116  44 
New Hampshire  $1,125  43 
New Jersey  $1,396  21 
New Mexico  $1,136  41 
New York  $1,097  47 
North Carolina  $1,811 
North Dakota  $2,058 
Ohio  $1,225  33 
Oklahoma  $1,098  46 
Oregon  $1,406  18 
Pennsylvania  $1,526  12 
Rhode Island  $1,263  32 
South Carolina  $1,572  10 
South Dakota  $1,925 
Tennessee  $1,525  13 
Texas  $1,159  37 
Utah  $1,387  22 
Vermont  $1,457  15 
Virginia  $1,315  28 
Washington  $1,335  26 
West Virginia  $1,303  29 
Wisconsin  $1,617 
Wyoming  $1,369  24 

Source

Small Business Lending in the United States, 2009-2010. Washington, DC: U.S. Small Business Administration, Office of Advocacy, 2011. 

Local Area Unemployment Statistics. Washington, DC: U.S. Department of Labor, Bureau of Labor Statistics, 2009.

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