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Section B Small Business Financing Data

Chart B.1. Movements in Interest Rates, 2005-2011


Table B.1. Movements in Interest Rates, 2005--2011
Table B.2. Loan Rates Charged by Banks by Loan size, February 2008November 2011
Table B.3. Credit Market Borrowing by Non-Financial Sector, 1999-2010
Table B.4. Major Sources and Uses of Funds by Nonfarm, Nonfinancial Corporate Businesses, 1999-2010
Table B.5. Major Sources and Uses of Funds by Nonfarm, Noncorporate Businesses, 1999-2010
Table B.6. Dollar Amount and Number of Small Business Loans, June 2005-June 2011
Table B.7. Change in the Dollar Amount and Number of Business Loans by Loan Size, June 2005-June 2011
Table B.8. Aggregate Value and Number of Small and Large Business Loans by Loan Type and Size for Depository Lenders,
2005 to 2011
B.9. Share
of Business
Loans
Total
AssetsLoans
by Size
of All U.S.
Depository
Table B.10.
Number
and Amount
of and
Small
Business
from
Banks
and SmallInstitutions
Business Credit Card Banks June 2007 June 2011
Table B.11. Business Loans Outstanding from Finance Companies, December 31, 1980-December 31, 2010
Table B.12. Common Stock Initial Public Offerings by All and Small Issuers, 1997-2010
Table B.13. New Commitments, Disbursements, and Total Capital Pool of the Venture Capital Industry, 1982-2010

0
Nov-11

Sep-11

Jul-11

May-11

Mar-11

Jan-11

Nov-10

Sep-10

Jul-10

May-10

Mar-10

Jan-10

Nov-09

Sep-09

Jul-09

May-09

Mar-09

Jan-09

Nov-08

Sep-08

Jul-08

May-08

Mar-08

Jan-08

Nov-07

Sep-07

Jul-07

May-07

Mar-07

Jan-07

Nov-06

Sep-06

Jul-06

May-06

Mar-06

Jan-06

Nov-05

Sep-05

Jul-05

May-05

Mar-05

Jan-05

Percent

Chart B.1 Movements in Interest Rates, 2005-2011

8
Treasury bill rates (3 mo)

AAA corporate bond rates

Prime rates

Table B.1 Movements in Interest Rates, 2005-2011 (percent)

Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
Dec-09
Nov-09
Oct-09
Sep-09
Aug-09
Jul-09
Jun-09
May-09
Apr-09
Mar-09
Feb-09
Jan-09
Dec-08
Nov-08
Oct-08
Sep-08
Aug-08
Jul-08
Jun-08
May-08
Apr-08
Mar-08
Feb-08
Jan-08
Dec-07
Nov-07

Treasury bill rates AAA corporate


(3 mo)
bond rates
0.01
3.93
0.01
3.87
0.02
3.98
0.01
4.09
0.02
4.37
0.04
4.93
0.04
4.99
0.04
4.96
0.06
5.16
0.10
5.13
0.13
5.22
0.15
5.04
0.14
5.02
0.14
4.87
0.13
4.68
0.15
4.53
0.16
4.49
0.16
4.72
0.12
4.88
0.16
4.96
0.16
5.29
0.15
5.27
0.11
5.35
0.06
5.26
0.05
5.26
0.05
5.19
0.07
5.15
0.12
5.13
0.17
5.26
0.18
5.41
0.18
5.61
0.18
5.54
0.16
5.39
0.21
5.50
0.30
5.27
0.13
5.05
0.03
5.05
0.19
6.12
0.67
6.28
1.13
5.65
1.72
5.64
1.63
5.67
1.86
5.68
1.73
5.57
1.29
5.55
1.26
5.51
2.12
5.53
2.75
5.33
3.00
5.49
3.27
5.44

Prime
rates
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.61
4.0
4.6
5.0
5.0
5.0
5.0
5.0
5.24
5.66
6.00
6.98
7.33
7.50

Page 3 of 22

Table B.1 Movements in Interest Rates, 2005-2011 (percent)


Treasury bill rates AAA corporate
Prime
(3 mo)
bond rates
rates
7.74
Oct-07
3.90
5.66
8.03
Sep-07
3.89
5.74
8.25
Aug-07
4.20
5.79
8.25
Jul-07
4.82
5.73
8.25
Jun-07
4.61
5.79
8.25
May-07
4.73
5.47
8.25
Apr-07
4.87
5.47
4.97
8.25
Mar-07
5.30
5.02
8.25
Feb-07
5.39
4.96
8.25
Jan-07
5.40
4.86
8.25
Dec-06
5.32
4.96
8.25
Nov-06
5.33
4.89
8.25
Oct-06
5.51
4.85
8.25
Sep-06
5.51
4.98
8.25
Aug-06
5.68
4.96
8.25
Jul-06
5.85
4.79
8.02
Jun-06
5.89
4.72
7.93
May-06
5.95
4.59
7.75
Apr-06
5.84
4.51
7.53
Mar-06
5.53
4.41
7.50
Feb-06
5.35
Jan-06
4.20
5.29
7.26
Dec-05
3.89
5.37
7.15
Nov-05
3.90
5.42
7.00
Oct-05
3.70
5.35
6.75
Sep-05
3.47
5.13
6.75
Aug-05
3.45
5.09
6.50
Jul-05
3.22
5.06
6.25
Jun-05
2.99
4.96
6.25
May-05
2.86
5.15
6.00
Apr-05
2.79
5.33
5.75
Mar-05
2.75
5.40
5.75
Feb-05
2.53
5.20
5.50
Jan-05
2.32
5.36
5.25
Source: Federal Reserve Board, Economic Research & Data.
http://mortgage-x.com/general/indexes/default.asp#libor
http://www.forecasts.org/data/data/AAA.htm
http://www.federalreserve.gov/datadownload/
http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H15

Page 4 of 22

Table B.2 Loan Rates Charged by Banks by Loan Size, February 2008November 2011
Loan size Fixed-rate term Variable-rate loans (2-30
(thousands of dollars)
loans
days term)
November 2011

August 2011

May 2011

February 2011

November 2010

August 2010

May 2010

February 2010

November 2009

less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9

6.98
5.78
4.95
4.31
2.22
7.42
6.28
5.28
4.58
3.53
7.05
6.30
5.32
4.81
5.14
6.54
5.97
5.50
4.92
5.16
7.58
6.24
5.74
4.94
1.77
6.57
6.31
5.67
5.32
5.10
7.56
6.48
5.71
5.54
2.72
8.34
6.57
5.65
5.02
4.37
8.14

Page 5 of 22

3.97
4.10
3.92
3.11
2.36
4.31
4.11
3.97
3.31
0.77
4.21
4.09
3.78
3.07
1.22
4.37
4.20
3.79
3.09
1.40
4.28
4.40
4.10
3.43
1.34
4.22
4.20
4.06
3.44
1.28
4.25
4.19
3.94
3.34
1.54
3.92
4.24
3.82
3.82
2.57
3.72

Variable-rate loans
(31-365 days term)
5.93
5.13
4.20
2.77
1.90
4.78
4.63
3.58
3.19
0.57
5.16
5.10
4.09
3.30
1.91
5.67
4.81
4.37
4.21
1.19
5.51
5.60
4.37
3.79
2.95
5.84
5.32
4.60
3.65
1.78
6.33
5.72
4.13
3.84
1.60
6.76
5.55
4.59
4.59
2.00
6.14

Table B.2 Loan Rates Charged by Banks by Loan Size, February 2008November 2011

August 2009

May 2009

February 2009

November 2008

August 2008

May 2008

February 2008

Loan size Fixed-rate term Variable-rate loans (2-30


(thousands of dollars)
loans
days term)
4.37
10-99
6.53
4.04
100-499
5.96
3.64
500-999
4.68
1.31
Minimum-risk loans
6.22
5.39
less than 9
7.60
3.85
10-99
6.49
3.61
100-499
5.23
2.94
500-999
4.78
1.17
Minimum-risk loans
4.21
3.96
less than 9
8.07
3.58
10-99
6.53
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans
less than 9
10-99
100-499
500-999
Minimum-risk loans

5.45
4.94
3.98
8.35
6.69
5.30
5.09
1.87
8.39
6.76
6.00
5.34
2.43
6.87
6.27
5.67
6.31
7.60
6.98
6.04
5.62
4.72
8.34
7.64
6.65
5.86
4.69

Variable-rate loans
(31-365 days term)

3.31
2.57
0.72
3.54
3.23
3.19
2.31
1.35
5.42
4.65
4.63
4.28
3.21
4.88
4.60
4.55
2.88
5.08
4.91
4.82
4.53
3.35
6.56
5.59
5.66
4.88
4.05

5.88
4.45
4.29
3.68
6.94
5.48
4.61
3.30
2.01
6.20
5.46
4.23
3.20
3.02
6.24
5.59
4.26
3.85
3.60
6.81
6.38
5.79
5.00
3.88
6.69
5.36
4.76
3.75
7.33
6.85
5.59
5.03
3.59
8.14
7.35
6.56
5.51
3.99

Loans designated minimum risk in banks responses to the FRB survey have virtually no chance of resulting in a loss
based on various characteristics.
Source: Board of Governors of the Federal Reserve System, Survey of Terms of Lending, Statistical Release E.2, various
issues, and special tabulations prepared by the Federal Reserve Board for the U.S. Small Business Administration, Office
of Advocacy.

Page 6 of 22

Table B.3 Credit Market Borrowing by Non-Financial Sector, 1999-2010 (billions of dollars)*
1999
2000
2001
2002
2003

2004

2005

2006

2007

2008

2009

2010

1,902.2

1,018.3

1,610.1

1,487.8

2010
Q3
1,621.5
1,500.9

1,239.2
51.6
1,290.8

1,443.9
109.1
1,553.0

1,580.2
104.8
1,685.0

1,601.9
133.5
1,735.4

2,003.0
(34.3)
1,968.7

Q1
Total Domestic Borrowing
Government
Federal
State and local
Total
Business
Farm
Nonfarm noncorporate
Nonfinancial corporate
Total
Households
Home mortgages*
Nonmortgages
Total
Foreign borrowing in the
United States

1,040.7

864.5

1,149.2

1,418.7

1,683.3

1,990.0

2,329.8

2,413.6

2,514.2

Q2

-71.2
37.3
-33.9

-295.9
16.9
-279

-5.6
105.5
99.9

257.6
144.6
402.2

396
120.5
516.5

361.9
114.1
476

306.9
172
478.9

183.4
153.7
337.1

237.1
191
428.1

1,395.9
129.0
1,524.9

3.3
195.9
381.9
581.1

2
197.4
362.7
562.1

6.4
161.7
209.2
377.3

7.1
150.8
33.6
191.5

-12.6
91.5
87.1
166

15.8
245.2
203.3
464.3

17.3
331.6
323.7
672.6

14.2
408.6
467.1
889.9

14.6
454.8
743
1212.4

4
321.8
292.6
618.4

-2
-294
-4.2
-300.2

4.2
195.4
355.3
554.9

-6.5
-336.5
371.7
28.7

-6
-262.3
253.4
-14.9

19.4
-157.1
382.9
245.2

378.0
115.5
493.5

383.3
198.1
581.4

507.1
164.9
672

704.5
120.5
825

874.8
126
1,000.8

922.5
127.2
1,049.7

1039
134.3
1,173.3

990.7
195.9
1,186.6

674.8
-117.0
873.7

-49.4
42.4
-7.0

-155.7
-78.8
-234.5

-269.1
30.1
-239.0

-449.9
173.6
-276.3

-229.4
-102.9
-332.3

-268.3
-0.9
-269.2

19

63

-11.2

93.4

43

155.3

113

332.6

170.3

-129.5

198.7

90.3

118.2

-49.6

155.7

*Includes loans made under home equity lines of credit and home equity loans secured by junior liens. Home mortgage information was obtained from Z1 households and nonprofit organizations, flow of funds of accounts.
Source: Board of Governors of the Federal Reserve System, Flow of Funds Accounts, Fourth Quarter 2005: Z1, Flows and Outstandings (March 2011).

2010

e mortgage information was obtained from Z1 households and nonprofit organizations, flow of funds of accounts.

Q4
1,830.5
1,320.2
190.9
1,511.1
10.1
-25.6
413.1
397.6
-128.7
50.5
-78.2
136.9

Table B.4 Major Sources and Uses of Funds by Nonfarm, Nonfinancial Corporate Businesses, 1999-2010 (billions of dollars)
1999

2000

2001

2002

2003

2004

2005

467.7

431.8

314.3

342.9

424.8

659.9

954.1

74.1

12.5

-40.1

-6.9

1.1

112

515.1

Depreciation with inventory valuation adjustment

673.1

632.4

641.4

727

725.1

816.9

Total internal funds, on book basis

677.1

649.2

633.4

729.6

736.4

851.2

Net increase in liability

987.6

1237.4

95.2

84.9

13.4

609

Funds raised in credit markets

381.9

362.4

209.1

33.6

87

Net new equity issues

-110.4

-118.2

-48.1

-16.2

Capital expenditures

877.3

953

828

767

Before-tax profit
Domestic undistributed profit

2006

1,115.1

2007

1,037.6

2008

2009

2010

778.6

703.4

998.7

Q1

1,018.4

2010
Q2

1,034.1

Q3

1,066.2

342.4

264.2

73.1

24.8

226.9

241.2

251.1

237.5

1,093.1

940

889.9

882.7

848.6

961.7

915.4

962.3

921.3

1,123.8

978

937.1

926.8

836.7

979.8

951.8

965.8

957.7

961.2

836.5

1277.3

330.7

92.1

827

647

864

196.6

323.7

467.1

743

292.6

-4.2

355.3

371.7

253.4

382.9

-39.6

-122.7

-341.8

-565.7

-786.8

-336

-64.6

-274

-200.2

-214.3

-337.6

782.5

861.6

965.8

1,113

1,157

1,113

803.9

998.5

936.8

-206.6

-943.3

190.7

81.1

157.2

Net financial investment


-27.3
-36.6
76.9
50.9
70.4
167.5
-17.5
-138.2
Source: Board of Governors of the Federal Reserve System, Flow of Funds Accounts, Fourth Quarter 2004: Flows and Outstandings (March 2011).

1,004.7
53.7

1,094.5

1,077.7
-86.7

2010
Q4

876.1
177.7
1048.1
1044.1
702.4
413.1
-344
975
200.1

Table B.5 Major Sources and Uses of Funds by Nonfarm, Noncorporate Businesses, 1999-2010 (billions of dollars)*
1999
2000
2001
2002
2003
2004
2005*
2006*

2007*

2008*

2009*

2010

2010
Q2

Q1
Net income

782.5

852.1

908.7

934.6

952.8

1042.9

1086.3

1,166.8

1,130.7

Gross investment

107.8

114.3

123.7

125.9

131.9

153.8

189.6

163.4

171.7

186.0

183.9

198.5

194.5

206.1

198.7

Fixed capital expenditures

158

166.1

159.3

167

172.7

189.4

205.9

219.1

230.1

226.0

175.4

213.0

198.5

212.9

215.8

Changes in inventories

3.2

2.8

-1.9

0.7

0.8

2.8

2.5

3.2

1.0

-1.4

-5.9

3.1

2.0

3.5

6.6

Net financial investments

-53.4

-54.6

-33.7

-41.9

-41.6

-38.3

-18.8

-59.5

-38.6

14.4

-17.6

-6.0

-10.3

-23.7

Net increase in credit


market debt

195.9

197.4

161.7

150.8

91.5

245.2

331.6

408.6

454.8

200.2

-305.8

-195.4

-336.5

-262.3

-157.1

135.1

137.5

121.2

121.0

75.5

211.3

170.9

281.3

304.3

63.6

-105.6

-123.6

-119.4

-167.6

116.5

-76.2

-40.4

-26.1

-77.2

32.8

62.8

-80.1

1.7

50.0

25.7

70.8

22.3

19.7

Mortgages
Net investment by
proprietors

-58.9

-8.2

-46.7

Source: Board of Governors of the Federal Reserve System, Flow of Funds Accounts, Fourth Quarter 2004: Flows and Outstandings (March 2011).
** Annual revision for statstics from 2005-2011.

1,144.0

1,122.3

N/A

N/A

N/A

Q3

N/A

2010
Q4
N/A
194.7
224.8
0.3
-30.4

-25.6
-90.9

-10.0

Table B.6 Dollar Amount and Number of Small Business Loans, June 2005-June 2011 (dollars in billions, number in millions)
Loan size
Under $100,000
Dollars
Number
$100,000 to <$1 million
Dollars
Number
Under $1 million/small business loans
Dollars
Number
Small business loans
Total commercial real estate
Dollars
Number
Total commercial and industrial
Dollars
Number
Total business loans
Total domestic assets

2005

2006

2007

2008

2009

2010

2011

138.1
19.0

145.7
19.0

159.6
21.6

170.2
25.0

160.9
21.0

159.3
20.3

139.5
19.4

463.3
2.0

488.5
2.2

527.1
2.9

541.3
2.2

534.3
2.2

492.9
2.1

467.4
1.9

601.5
21.0

634.2
21.3

686.8
24.5

711.5
27.2

695.2
23.2

652.2
22.4

606.9
21.3

315.1
1.71

337.9
1.95

360.1
2.46

375.0
1.84

372.0
1.79

342.3
1.73

323.9
1.50

286.4
19.3

296.3
19.3

326.7
22.1

336.4
25.4

323.2
21.4

309.9
20.7

283.0
19.8

1,825.3
9,461.7

2,021.0
10,261.3

2,223.5
10,789.9

2,509.3
11,708.4

2,450.6
11,905.1

2,251.3
11,707.5

2,298.2
11,816.8

7,830
7,023

7,513
6,826

Number of institutions
8,868
8,777
8,614
8,451
8,195
Number of BHCs and independent lenders
7,662
7,594
7,456
7,360
7,224
Source: U.S. Small Business Administration, Office of Advocacy, Small Business Lending in the United States. Based on
FDIC Call Report Data.

Table B.7 Change in the Dollar Amount and Number of Business Loans by Loan Size, June 2005-June 2011 (percent)

2005 - 2006
5.5
5.4
5.4
7.2
3.5

2006 - 2007
9.6
7.9
8.3
6.6
10.2

2007 - 2008
6.6
2.7
3.6
4.2
3.0

2008 - 2009
-5.5
-1.3
-2.3
-0.8
-3.9

2009 - 2010
-1.0
-7.7
-6.2
-8.0
-4.1

2010 - 2011
-12.4
-5.2
-6.9
-5.4
-8.7

10.7

10.0

12.9

-2.3

-8.1

2.1

Change in number
Under $100,000
-0.1
13.8
15.5
-16.2
-3.2
$100,000 to <$1 million
12.7
28.9
-23.2
0.1
-5.2
Under $1 million/small business loans
1.1
15.4
11.0
-14.8
-3.4
Total commercial real estate
13.5
26.3
-25.0
-2.8
-3.4
Total commercial & industrial
0.0
14.3
15.0
-15.7
-3.4
Source: Federal Deposit Insurance Corporation, Statistics on Depository Institutions, June 2005 through June 2011.

-4.3
-8.6
-4.7
-13.1
-4.0

Change in dollar amount


Under $100,000
$100,000 to <$1 million
Under $1 million/small business loans
Total commercial real estate
Total commercial & industrial
Total business loans

Table B.8 Aggregate Value and Number of Small and Large Business Loans by Loan Type and Size for Depository Lenders, 2005 to
2011
Value in billions of dollars, nominal

Loans by lender asset size


Lenders by total asset size
Less than $100 million
$100 million to $499.9 million
$500 million to $999.9 million
$1 billion to $9.9 billion
$10 billion to $49.9 billion
$50 billion or more

30.9
129.8
54.8
120.6
77.6
187.8

29.8
130.8
59.7
129.1
76.1
208.7

27.3
129.1
62.0
137.8
88.1
242.5

25.3
130.8
66.4
145.6
74.4
269.0

23.7
129.8
65.0
137.0
69.2
270.5

21.9
125.0
62.7
127.7
62.7
252.4

19.5
116.1
58.4
124.9
58.8
229.2

-10.9
-7.1
-6.8
-2.2
-6.1
-9.2

Total small business loans (less than $1 million)

601.5

634.2

686.8

711.5

695.2

652.2

606.9

-6.9

0.49
1.45
1.86
3.05
4.61
9.57

0.47
1.66
2.00
2.81
2.55
11.79

0.44
2.01
1.86
4.91
3.03
12.28

0.41
1.41
1.83
5.17
3.46
14.95

0.41
1.38
1.85
1.22
3.19
15.13

0.31
1.23
1.94
1.14
1.56
16.21

0.28
1.09
1.69
1.34
1.52
15.41

-9.9
-11.2
-13.3
17.4
-2.6
-4.9

Total small business loans (less than $1 million)


21.03
21.26
24.53
27.22
23.18
22.39
Source: Federal Deposit Insurance Corporation, Statistics on Depository Institutions, June 2005 through June 2011.

21.33

-4.7

Number of loans in millions


Lenders by total asset size
Less than $100 million
$100 million to $499.9 million
$500 million to $999.9 million
$1 billion to $9.9 billion
$10 billion to $49.9 billion
$50 billion or more

2005

2006

2007

2008

2009

2010

2011

Change
2010-2011
%

Table B.9 Share of Business Loans and Total Assets by Size of All U.S. Depository Institutions
Total asset size of the lending institution or bank holding company
Year and loans by size

Over 50B

10B - 50B

Over 10B

1B - 10B 500M - 1B 100M - 500M


Under 100M
(percentage)

Total

2011
Total assets of the institution

67.83

9.50

77.33

11.53

3.81

6.37

1.06

100.10

Commercial real estate


$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

16.90
24.93
29.57

5.59
8.82
10.18

22.49
33.75
39.75

19.14
24.30
24.50

11.01
12.41
11.62

35.34
25.57
21.49

12.02
3.96
2.65

100.00
100.00
100.00

Commercial and industrial


$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

67.58
34.32
35.71

5.72
11.04
13.33

73.30
45.36
49.04

9.53
21.57
21.62

4.58
9.66
8.99

9.60
19.92
17.69

2.99
3.48
2.65

100.00
100.00
100.00

Total small business loans


Total large business loans
Total business loans

37.77
63.12
56.50

9.69
10.81
10.52

47.46
73.93
67.02

20.57
16.06
17.25

9.63
4.39
5.77

19.13
5.26
8.92

3.21
0.29
1.06

100.00
99.93
100.03

Number of institutions
2010
Total assets of the institution

35

57

92

538

656

3,332

2,208

6,826

66.90

9.80

76.71

11.59

3.91

6.57

1.14

99.92

Commercial real estate


$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

16.79
25.48
30.04

5.64
9.14
10.27

22.43
34.62
40.31

18.00
23.47
23.55

11.25
12.32
11.62

35.41
25.55
21.74

12.92
4.03
2.78

100.01
100.00
100.00

Commercial and industrial


$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

68.92
33.94
35.59

5.63
11.77
12.72

74.56
45.71
48.31

8.25
20.76
21.69

4.62
9.91
9.17

9.56
20.10
18.00

3.01
3.52
2.83

100.00
100.00
100.00

Total small business loans


Total large business loans
Total business loans

38.69
62.51
55.58

9.61
10.65
10.35

48.30
73.16
65.93

19.57
16.44
17.35

9.61
4.52
5.99

19.16
5.60
9.53

3.35
0.32
1.20

100.00
100.05
100.00

34

60

94

534

657

3,371

2,367

7,023

Number of institutions

Page 16 of 22

Table B.9 Share of Business Loans and Total Assets by Size of All U.S. Depository Institutions
Total asset size of the lending institution or bank holding company
Year and loans by size

Over 50B

10B - 50B

Over 10B

1B - 10B 500M - 1B 100M - 500M


Under 100M
(percentage)

Total

2009
Total assets of the institution

66.50

10.34

76.83

11.73

3.90

6.43

1.18

100.08

Commercial real estate


$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

22.84
31.48
32.95

4.96
8.21
9.86

27.79
39.69
42.81

18.37
21.77
22.89

9.78
11.49
11.04

32.00
23.21
20.50

12.05
3.84
2.76

100.00
100.00
100.00

Commercial and industrial


$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

62.82
34.58
35.96

8.58
10.81
13.06

71.40
45.38
49.02

9.53
21.52
21.81

5.04
9.80
8.81

10.69
19.71
17.55

3.35
3.59
2.80

100.00
100.00
100.00

Total small business loans


Total large business loans
Total business loans

38.91
65.08
57.59

9.96
10.87
10.61

48.87
75.95
68.20

19.71
14.82
16.21

9.35
4.10
5.59

18.67
4.86
8.78

3.40
0.32
1.20

100.00
100.05
99.97

32

65

97

548

662

3,366

2,551

7,224

64.90

11.66

76.56

11.87

3.91

6.41

1.27

100.02

19.78
32.40
34.02

9.20
7.85
9.52

28.98
40.25
43.54

16.69
21.42
22.99

9.52
11.30
11.03

32.43
23.24
19.74

12.38
3.79
2.70

100.00
100.00
100.00

Commercial and industrial


$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

54.98
34.63
35.56

12.89
9.56
11.76

67.88
44.19
47.32

12.43
22.56
23.05

4.98
9.77
9.15

10.97
19.65
17.46

3.74
3.82
3.02

100.00
100.00
100.00

Total small business loans


Total large business loans
Total business loans

37.81
67.36
58.92

10.45
10.21
10.28

48.27
77.58
69.20

20.46
13.97
15.81

9.33
3.85
5.40

18.39
4.33
8.32

3.55
0.32
1.24

100.00
100.04
99.96

Number of institutions
33
64
97
524
655
3,311
2,773
Source: Federal Deposit Insurance Corporation, Statistics on Depository Institutions, June 2008 through June 2011.

7,360

Number of institutions
2008
Total assets of the institution
Commercial real estate
$100,000 or less
$100,000 to $250,000
$250,000 to $1 million

Page 17 of 22

Table B.10 Number and Amount of Small Business Loans from All Banks and Small Business Credit Card Banks June 2007 - June 2011
Percent of all banks, 2007-2011
2007
All banks
Number of reporting banks
Total assets (billions of dollars)
Loans under $100,000
All credit card banks*
Number of reporting banks
Total assets (billions of dollars)
Loans under $100,000

amount (billions of dollars)


number (millions)

amount (billions of dollars)


number (millions)

All banks minus credit card banks


Number of reporting banks
Total assets (billions of dollars)
Loans under $100,000
amount (billions of dollars)
number (millions)

8,614
10,789.9
159.6
21.6
26
366.0
17.2
6.84
8,588
10,423.9
142.44
14.80

2008
8,451
11,708.4
170.2
25.0
27
418.1
27.6
9.95
8,424
11,290.3
142.64
15.05

2009
8,195
11,905.1
160.9
21.0
24
434.5
25.4
8.37
8,171
11,470.6
135.51
12.59

2010
7,830
11,707.5
159.3
20.3
21
658.3
25.6
9.97
7,809
11,049.2
133.69
10.31

2011
7,513
11,816.8
139.5
19.4
20
613.7
22.6
9.73
7,493
11,203.1
116.97
9.67

2007

2008

2009

2010

100
100
100

100
100
100

100
100
100

100
100
100

3.4
10.8
31.6

3.6
16.2
39.8

3.6
15.8
39.9

5.6
16.1
49.2

96.6
89.2
68.4

96.4
83.8
60.2

96.4
84.2
60.1

94.4
83.9
50.8

Note: Credit card banks were banks with: a. a high ratio of credit card loans to total assets; b. small average balances of loans outstanding, and c. a large number of outstanding loans under
$100,000.
Source: Federal Deposit Insurance Corporation, Statistics on Depository Institutions, June 2005 through June 2011.

Percent of all banks, 2007-2011

ssets; b. small average balances of loans outstanding, and c. a large number of outstanding loans under

2011

100
100
100

5.2
16.2
50.2

94.8
83.8
49.8

Table B.11 Business Loans Outstanding from Finance Companies, December 31, 1980 - December 31, 2010
Annual change
Total receivables outstanding
in chain-type*
Billions of
Change
price index for
dollars
(percent)
GDP (percent)
December 31, 2010*
460.0
December 31, 2009*
495.4
December 31, 2008*
607.3
December 31, 2007*
600.1
December 31, 2006*
582.2
December 31, 2005
561.0
December 31, 2004
546.2
December 31, 2003
457.4
December 31, 2002
455.3
December 31, 2001
458.4
December 31, 2000
458.4
December 31, 1999
405.2
December 31, 1998
347.5
December 31, 1997
318.5
December 31, 1996
309.5
December 31, 1995
301.6
December 31, 1994
274.9
December 31, 1993
294.6
December 31, 1992
301.3
December 31, 1991
295.8
December 31, 1990
293.6
December 31, 1989
256.0
December 31, 1988
234.6
December 31, 1987
206.0
December 31, 1986
172.1
December 31, 1985
157.5
December 31, 1984
137.8
December 31, 1983
113.4
December 31, 1982
100.4
December 31, 1981
100.3
December 31, 1980
90.3
1. Changes from the fourth quarter of the year before.
* Annual revision for statstics from 2006-2010, based on March 2011, release.

-7.1
-18.4
1.2
3.1
3.8
2.7
3.2
0.5
1.9
-2.5
16.3
16.6
9.1
2.9
2.6
9.7
NA
-2.3
1.9
0.9
14.6
9.1
13.9
19.7
9.3
14.3
21.9
12.9
0
11.1

1.0
0.9
2.2
2.9
3.3
3.3
2.8
2.2
1.6
2.3
2.2
1.4
1.1
1.7
1.9
2.0
2.1
2.3
2.3
3.5
3.9
3.8
3.4
2.7
2.2
3.0
3.8
3.9
6.1
9.4

Table B.12 Common Stock Initial Public Offerings by All and Small Issuers, 1997-2010
Common Stock
Amount
Average size
Number (millions of dollars) (millions of dollars)
Offerings by all issuers
2010
110
36,260.5
329.6
2009
49
18,047.9
368.3
2008
26
6,768.6
260.3
2007
168
37,218.9
221.5
2006
173
34,543.3
199.7
2005
178
32,555.0
182.9
2004*
213
41,693.6
195.7
2003
132
45,189.2
342.3
2002
86
25,716.3
299.0
2001
99
37,526.0
379.1
2000
387
60,871.0
157.3
1999
512
63,017.4
123.1
1998
366
38,075.3
104.0
1997
623
45,785.0
73.5
Offerings by issuers with assets of $25 million or less
2010
9
435.4
48.4
2009
1
68.2
68.2
2008
4
391.1
97.8
2007
13
993.9
76.5
2006
12
678.4
56.5
2005
19
585.9
30.8
2004*
23
1,147.6
49.9
2003
8
532.3
66.5
2002
11
420.4
38.2
2001
14
477.2
34.1
2000
56
3,323.9
59.4
1999
207
10,531.0
50.9
1998
128
4,513.7
35.3
1997
241
5,746.1
23.8
Offerings by issuers with assets of $10 million or less
2010
5
279.4
55.9
2009
1
68.2
68.2
2008
3
385.4
128.5
2007
5
526.7
105.3
2006
4
272
68.0
2005
10
337.2
33.7
2004*
8
205.7
25.7
2003
4
34.8
8.7
2002
5
160.9
32.2
2001
5
54.9
11.0
2000
13
407.2
31.3
1999
87
3,556.9
40.9
1998
62
2,208.0
35.6
1997
132
2,538.6
19.2
Note: Excludes closed end funds. Registered offerings data from the Securities and Exchange Commission are no longer
available.
*Annual revision for statstics from 2004-2010 excludes public offering from foreign offerers.
Data provided by Securities Data Company are not as inclusive as those registered with the SEC.
Source: Special tabulations prepared for the U.S. Small Business Administration, Office of Advocacy, by Thomson Financial
Securities Data, August, 2011

Table B.13 New Commitments, Disbursements, and Total Capital Pool of the Venture Capital Industry,
1982-2010 (billions of dollars)
Capital under
management
Commitment
Disbursement
Initial round
Follow-on
176.7
2010
12.3
22.0
4.35
17.63
2009
15.4
17.7
3.32
14.37
179.4
2008
28.5
27.9
6.06
21.89
203.7
2007
36.1
30.5
7.45
23.03
254.9
2006
32.0
26.3
6.16
20.18
276.7
2005
29.0
22.9
5.72
17.22
269.5
2004
19.8
21.9
4.73
17.22
262.2
2003
11.6
19.1
3.85
15.29
253.5
2002
9.4
21.1
4.13
16.97
252.5
2001
38.9
38.5
7.10
31.43
252.6
2000
104.5
100.5
27.32
73.20
224.8
1999*
55.7
51.5
15.51
36.04
145.6
1998
29.9
21.1
7.17
13.91
91.4
1997
19.7
14.9
4.87
10.00
63.2
1996
11.8
11.3
4.33
6.95
49.3
1995
9.9
8.0
4.04
3.98
40.7
1994
8.9
4.2
1.71
2.42
36.1
1993
4.1
3.9
1.41
2.28
32.2
1992
5.3
3.6
1.32
2.25
30.2
1991
2.0
2.2
0.57
1.68
29.3
1990
3.3
2.8
0.85
1.92
31.4
1989
4.9
3.3
0.95
2.34
30.4
1988
4.4
3.3
1.09
2.22
27.0
1987
4.4
4.5
1.00
2.27
24.6
1986
3.8
4.1
0.91
2.11
20.3
1985
4.0
3.4
0.73
2.04
17.2
1984
3.0
3.3
0.87
2.14
13.9
1983
4.2
3.1
0.90
1.97
10.6
1982
2.0
1.8
0.59
1.00
6.7
* Annual revision for statstics from 1999-2010.
Source: Venture Capital Journal (various Issues) and National Venture Capital Association Yearbook 2010 ,
Preprare by Venture Economics.

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