“Advocacy’s small business lending report examines FDIC data to determine the state of bank lending to small businesses. Small business loans (loans below $1 million) increased by nearly 40% from 2019 to 2020, largely due to the newly enacted Paycheck Protection Program.”
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“This report, which analyzes loan data from June 2019 to June 2020, examines the small business lending market at the beginning of the COVID-19 pandemic
Alongside the report, the appendix tables provide bank level detail of small business lending activity and breakdowns at the state level.
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