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

Households with Savings Accounts

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

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Private Loans to Small Business

Reports & Graphics

Definition

The dollar amount of small business loans (defined as private business loans of $1 million or less) made, per person in the labor force, 2010.

Description

In order to survive and prosper, small businesses need access to capital from lending institutions. The greater the volume of small business lending, the better supported small businesses are. Small businesses drive the economy: they employ more than half the private sector workforce and serve as an engine for job creation. Business ownership is second only to homeownership as a source of wealth for Americans.

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Private Loans to Small Business

StateSmall Business Loans
Per Worker ($)		Rank
United States  $1,148   
Alabama  $1,224  20 
Alaska  $1,627  3 
Arizona  $1,017  38 
Arkansas  $1,080  32 
California  $1,207  22 
Colorado  $1,370  9 
Connecticut  $904  46 
Delaware  $857  50 
District of Columbia  $1,096  31 
Florida  $871  49 
Georgia  $1,080  33 
Hawaii  $1,212  21 
Idaho  $1,560  4 
Illinois  $1,327  11 
Indiana  $1,248  17 
Iowa  $970  42 
Kansas  $948  44 
Kentucky  $1,049  37 
Louisiana  $1,278  13 
Maine  $1,556  5 
Maryland  $943  45 
Massachusetts  $1,014  39 
Michigan  $1,523  7 
Minnesota  $1,122  29 
Mississippi  $1,161  26 
Missouri  $1,161  25 
Montana  $1,481  8 
Nebraska  $1,126  28 
Nevada  $898  47 
New Hampshire  $781  51 
New Jersey  $1,112  30 
New Mexico  $891  48 
New York  $965  43 
North Carolina  $1,232  19 
North Dakota  $1,737  2 
Ohio  $1,358  10 
Oklahoma  $1,058  36 
Oregon  $1,252  16 
Pennsylvania  $1,237  18 
Rhode Island  $1,066  35 
South Carolina  $1,079  34 
South Dakota  $1,981  1 
Tennessee  $1,253  15 
Texas  $983  40 
Utah  $1,178  23 
Vermont  $1,307  12 
Virginia  $978  41 
Washington  $1,255  14 
West Virginia  $1,142  27 
Wisconsin  $1,553  6 
Wyoming  $1,171  24 

Source

Small Business Lending in the United States, 2010-2011. 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, 2010.

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