Free Top 10 States by Small Business Loan Approvals (2018–2025) Chart
The chart shows the leading U.S. states for small business loan approvals from 2018 to 2025, underscoring states with the most robust lending environments for entrepreneurs. California dominates with $5.7 billion in approvals, reflecting its strong small business ecosystem. Texas follows at $4.4 billion, supported by its rapidly expanding economy, while Florida records $3.9 billion. New York and Illinois show significant activity at $3.4 billion and $3.2 billion, respectively. Mid-tier states like Pennsylvania and Ohio record $3 billion and $2.8 billion, showing stable financing trends. The Southern region also demonstrates steady growth with Georgia at $2.6 billion and Idaho at $2.5 billion, while Michigan completes the top 10 with $2.4 billion. This trend emphasizes the vital role of accessible capital in supporting small businesses and fostering economic growth nationwide.
| Labels | 2018–2025 Approvals (USD billions) |
|---|---|
| California | 5.7 |
| Texas | 4.4 |
| Florida | 3.9 |
| New York | 3.4 |
| Illinois | 3.2 |
| Pennsylvania | 3 |
| Ohio | 2.8 |
| Georgia | 2.6 |
| Idaho | 2.5 |
| Michigan | 2.4 |
