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| Small Business Statistics |  |
Small business growth in the United States is attributed directly to new entrepreneurs and their innovative ideas. Small Businesses with employees start-up at a rate of over 500,000 per year.
U.S. Small Business Administration |
Summary of Loan Approvals
Rochester SBA Branch Location
Fiscal Year 2005 YTD (9/1/05-8/31/06)
Lender #/Loans Total Dollars
| Citizens Bank |
385 |
11,209,000 |
| M & T Bank |
110 |
8,886,600 |
| First Niagara |
11 |
1,521,000 |
| Capitol One Fed |
24 |
1,250,000 |
| J.P. Morgan |
19 |
950,800 |
| Key Bank |
7 |
3,343,000 |
| Genesee Regional |
5 |
1,428,000 |
| HSBC USA |
71 |
6,178,500 |
| Citi Bank |
3 |
70,000 |
| Bank of America |
15 |
318,000 |
| Natl. Bank of Geneva |
5 |
1,291,000 |
| CIT Small Biz Lending |
2 |
1,171,000 |
| Canandaigua National |
11 |
1,356,000 |
Total Loan Dollars reported by the Rochester SBA office is over $46,990,250.00.
The 22.9 million small businesses in the U.S. produce the majority of tax revenue and profits. In fact, small businesses employ 50% of all private sector jobs. The latest statistics show that small businesses create 75% of the net new jobs in our economy and make up more that 99.7% of all employers.
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