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Small Business Take On More Debt

Date: 12/20/2006 | Category: Business | Author: developers

A recent study by the SBA found that small businesses have more outstanding debt – especially the smallest businesses. From the period of their study, June 2004 to June 2005, the number and the dollar amounts of small business loans rose 25%. The number of small-business loans outstanding between $100,000 and $1 million increased 5%. Credit card use accounted for the largest portion of the increase.

Access to the complete report, including a state-by-state breakdown of lending to small business can be found at the SBA Office of Advocacy.

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