According to the F.D.I.C., while the nation’s total commercial and industrial loan portfolio grew by $34 billion, or almost 3 percent, total outstanding loans to small businesses actually fell by $2.5 billion, or 0.4 percent.
Small-business loans are defined as those of $1 million or less, but exclude agricultural loans and loans secured by farmland. As of the end of June, the total commercial and industrial loan portfolio amounted to $1.2 trillion. Small-business loans made up almost exactly half of that, or $607 billion.
The number of 7(a) loans of $150,000 or less actually fell by about 13 percent. Meanwhile, the total amount borrowed with these smaller loans fell by less than 2 percent — meaning that even the smallest loans are getting bigger. forget about small business startups.
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