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‘Bidenomics' on Main Street: Lending to women-owned small businesses tops $5 billion, SBA reports

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SBA-supported lending to women-owned small businesses is up nearly 70% since 2020, reaching over $5 billion in annual loan volume.

1 in 5 small business loans backed by the U.S. Small Business Administration now go to women owners.

Total SBA loan volume to female entrepreneurs topped $5 billion in fiscal 2023 and is up from roughly $3 billion in 2020, a 69% increase. That makes the latest data from the Small Business Administration's fiscal 2023 year an important milestone to track for the U.S. business ecosystem: Loans to women-owned small businesses topped the $5 billion mark in fiscal 2023 and now represent 1 in 5 loans made to small businesses. According to the Census Bureau's most recentThe $5 billion figure for fiscal 2023 isn't a peak — loan volume reached $5.

 

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‘Bidenomics' on Main Street: Lending to women-owned small businesses tops $5 billion, SBA reportsSBA-supported lending to women-owned small businesses is up nearly 70% since 2020, reaching over $5 billion in annual loan volume.
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