What’s a Small Business Entrepreneur Look Like?

Male: 62.6%

Female: 37.4%

Average Age: 37.6

Average Salary: $39,000 – $61,000/yr

Minority Owned: 18%

Average Small Business Loan Size: $152,000 (all SBA data), $13,000 (All Micro Loans)

According to the United States Small Business Association (SBA), small businesses in this country:

• provide approximately 75% of the net new jobs added to the economy
• represent 99.7% of all employers
• employ 50.1% of the private work force
• provide 40.9% of private sales in the country
• account for 39.1% of jobs in high technology sectors in 2001
• account for 52% of private sector output in 1999
• represent 97% of all US exporters

Small Business Openings & Closings:

Sources: U.S. Dept. of Labor, Bureau of Labor Statistics; U.S. Dept. of Commerce, Bureau of the Census

http://www.sba.gov/services/financialassistance/sbaloantopics/microloans/index.html

http://www.whitehouse.gov/omb/expectmore/detail/10002346.2007.html