SMALL BUSINESS LENDING INTEL

Businesses Under 2 Years Old

New Businesses Under 2 Years Old Receiving SBA Loans

SBA 7(a) Loans in FY2024

  • 672 banks funded 8,088 loans to new businesses under 2 years old from 597 industries. For franchise loans to new businesses under 2 years old there were 157 banks funding 449 loans in 102 industries for 298 brands.

  • New businesses were funded in all 50 states with borrowers from 2,917 cities. 41 states had a franchise loan funded from borrowers from 358 different cities.

  • New businesses under 2 years old represented 15% of all funded dollars and 16% of franchisee funded dollars.

  • 53% of banks funded a new business loan with 12% of banks funding a franchise new business loan.

  • Average loan amount was $385K with the average franchise funded loan at $430K. 

  • There were 838 loans over $1 million loan amount provided to new businesses with 117 going to new franchise businesses.

  • 75% of funded loans to new businesses were provided by out-of-state lenders and 85% of new franchise business loans.

SBA Loans to New Businesses Under 2 Years Old

FY 2024 SBA 7(a) Funded Loans

All LOANS

FRANCHISE LOANS

Top Industries in SBA Lending: Loans to New Businesses Under 2 Years Old

FY 2024 SBA 7(a) Funded Loans

All LOANS

FRANCHISE LOANS

Geography: SBA Loans to New Businesses Under 2 Years Old

FY 2024 SBA 7(a) Funded Loans

All LOANS

FRANCHISE LOANS

SBADNA Analytics

Source: All SBA 7(a) data shared is based on all SBA lending from all sources and not from SBA lending through LoanBox. SBA data and reports are not from the SBA but from SBA data from the lending analytics platform developed and maintained by SBADNA Analytics. SBADNA and LoanBox are both owned by the same parent company FuseSync LLC.  LoanBox and SBADNA does not validate or verify the data released by the SBA and provides no warranty of data accuracy or completeness.  

Data Source & Methodology

The original source of SBA loan data is derived from data released by the U.S. Small Business Administration (SBA). The SBA collects individual loan data from the SBA lender/bank approving and providing SBA loans. The SBA then makes basic loan data public through the FOIA (Freedom of Information Act) requirements. The SBA FOIA data is imported into the SBADNA advanced analytics platform which is then used to generate the reports and rankings

Read more about SBADNA utilizing SBA loan data source and methodology.