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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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Victor Local Development Corp.
85 East Main Street
Victor, New York 14564
Phone: (585) 742-5073

Mobile: (585) 259-5059
Email: krayburn@town-victor-ny.us