Facts About Small Business
Represent 99.7% of all employer firms.
Employ about half of all private sector employees.
Pay nearly 45% of total U.S. private payroll.
Have generated 60–80% of new jobs annually during the past decade.
Are 52% home-based and 2% franchises.
- In 2007, there were 27.2 million businesses in the United States.
- Two-thirds of new employer establishments survive at least two years, 44% survive at least four years and 31% survive at least seven years.
- Commercial banks and other depository institutions are the largest lenders of debt capital to small businesses.
—From the U.S. Small Business Administration’s Office of Advocacy