In 2021, about **** million small business firms with employees were counted in the United States. That same year, there were around ** million non-employer small businesses.

In the second quarter of 2024, 61 percent of surveyed small business owners indicated that the health of their business was in good shape. A further 24 percent of respondents said the health of their business was about average. At the end of 2019, small businesses in "very good" health peaked at 43 percent. By the end of 2020, this number fell to 25 percent in the wake of the COVID-19 pandemic.

In 2022, about ***** million small businesses in the professional, scientific, and technical services industry had no employees. A further ******* small business had one to 19 employees in the same industry.

According to a new study, women started 49% of new businesses in the United States in 2021. This is way up from 28% in 2019.

The Small Business Administration maintains the Dynamic Small Business Search (DSBS) database. As a small business registers in the System for Award Management, there is an opportunity to fill out the small business profile. The information provided populates DSBS. DSBS is another tool contracting officers use to identify potential small business contractors for upcoming contracting opportunities. Small businesses can also use DSBS to identify other small businesses for teaming and joint venturing.

About 1.5 million jobs are created in the US every year by small businesses alone. This means that 64% of all job creation comes from small businesses.

U.S. Small Business Loan Market size was valued at USD 30,833.44 Million in 2023 and is projected to reach USD 56,135.67 Million by 2031, growing at a CAGR of 8.94% during the forecast period 2024-2031.The U.S. Small Business Loan Executive SummaryA small business loan is a form of financing offered to small businesses by banks, credit unions, or alternative lenders for a variety of uses, including beginning a new business, growing an existing one, buying inventory or equipment, paying for operating costs, or fulfilling other financial requirements. These loans often have terms and circumstances that are different from those of loans provided to larger firms, and they are designed specifically to meet the needs of small enterprises. There are several methods to organize small business loans: SBA (Small Business Administration) loans, invoice financing, term loans, credit lines, equipment financing, and more. The borrower's creditworthiness, the lender's policies, and the loan's intended use are some of the variables that affect the conditions of the loan, including interest rates, payback schedules, and collateral requirements. These loans are essential in helping small business owners and entrepreneurs launch, grow, and maintain their enterprises, which promotes economic growth and employment generation. But getting a small company loan frequently calls for thorough preparation, supporting documentation, and a strong business plan that demonstrates the borrower's capacity to pay back the loan.The growing need for U.S. Small Business Loan Market is driven by several factors, including the increasing number of start-ups and small businesses, availability of a variety of loan options tailored to meet the unique needs of small businesses, technological advancements in financial services, and changing consumer behavior. The United States has a supportive ecosystem for small businesses, with resources such as business incubators, accelerators, mentorship programs, and networking opportunities. These resources provide guidance, funding, and support services to aspiring entrepreneurs, helping them navigate the complexities of starting and growing a business. Thus, the number of small businesses is continuously growing in the United States. However, high interest rates act as a significant constraint on the growth of U.S. Small Business Loan Market. Businesses can be discouraged from taking out loans, leading to reduced borrowing activity and slower market growth.

These small business statistics will tell you everything you need to know about the growth of business and where it’s going in the future.

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This statistic shows the number of small businesses in the United States in 2012, by gender of the owner. The statistic includes only data on employer businesses. In 2012, about 3.3 million small businesses with paid employees in the United States were owned by men.

SB: IL: OP: Change in Hours: No Change data was reported at 78.100 % in 11 Apr 2022. This records an increase from the previous number of 76.600 % for 04 Apr 2022. SB: IL: OP: Change in Hours: No Change data is updated weekly, averaging 76.350 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 79.900 % in 14 Mar 2022 and a record low of 67.500 % in 10 Jan 2022. SB: IL: OP: Change in Hours: No Change data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S047: Small Business Pulse Survey: by State: Midwest Region: Weekly, Beg Monday (Discontinued).

The following small business statistics broken down by industry to help you understand the small business landscape better.

Small Business Market Outlook 2032

The global small business market size was USD 2,572 Billion in 2023 and is projected to reach USD 4,985 Billion by 2032, expanding at a CAGR of 8.50% during 2024–2032. The market growth is attributed to the proliferation of small businesses.



Growing number of small businesses are becoming the backbone of global economies, driving innovation and creating employment opportunities. They are not confined to traditional brick-and-mortar establishments and are embracing digital platforms to reach a wider audience. A novel application of small businesses is the rise of micro-consulting, where individuals with specialized knowledge offer their expertise on a project-by-project basis, thereby reducing overhead costs and providing flexible, tailored solutions for clients.



Growing regulatory changes are impacting the small business landscape. The most recent being the General Data Protection Regulation (GDPR) implemented by the European Union, which applies to all businesses, regardless of size, that handle personal data of EU citizens.



This regulation has significant implications for small businesses, as it necessitates stringent data protection measures. Non-compliance results in hefty fines, thus, it is likely to increase the demand for data security services and impact how small businesses manage customer data.

Impact of Artificial Intelligence (AI) in Small Business Market

Artificial Intelligence (AI) has a considerable impact on the small business market. These enterprises automate routine tasks by integrating AI into their operations, thereby increasing efficiency and reducing operational costs. AI's predictive analytics capabilities enable these businesses to anticipate market trends and customer behavior, facilitating strategic decision-making.



AI-powered customer service tools, such as </span

Graph and download economic data for Number of Business Failures, All Commercial for United States (M0929CUSM474NNBR) from Jan 1939 to Jun 1965 about failures, commercial, business, and USA.

The number of small and medium-sized enterprises in the United States was forecast to continuously decrease between 2024 and 2029 by in total 6.7 thousand enterprises (-2.24 percent). After the fourteenth consecutive decreasing year, the number is estimated to reach 291.94 thousand enterprises and therefore a new minimum in 2029. According to the OECD an enterprise is defined as the smallest combination of legal units, which is an organisational unit producing services or goods, that benefits from a degree of autonomy with regards to the allocation of resources and decision making. Shown here are small and medium-sized enterprises, which are defined as companies with 1-249 employees.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

SB: IA: CH: SC: Difficulty Locating Alt Foreign Suppliers data was reported at 9.700 % in 11 Apr 2022. This records an increase from the previous number of 3.300 % for 04 Apr 2022. SB: IA: CH: SC: Difficulty Locating Alt Foreign Suppliers data is updated weekly, averaging 8.000 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 12.100 % in 06 Dec 2021 and a record low of 3.300 % in 04 Apr 2022. SB: IA: CH: SC: Difficulty Locating Alt Foreign Suppliers data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S047: Small Business Pulse Survey: by State: Midwest Region: Weekly, Beg Monday (Discontinued).

Small Business Phone Systems Market Outlook

The global market size for small business phone systems was valued at approximately USD 5.2 billion in 2023 and is projected to reach around USD 9.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.2% during the forecast period. Several growth factors are driving this market, including technological advancements, the increasing need for seamless communication in small to medium-sized enterprises (SMEs), and the growing adoption of cloud-based solutions.

One of the primary growth factors driving the small business phone systems market is the increasing digital transformation initiatives across various industries. Small businesses are increasingly adopting advanced communication tools to streamline operations, enhance customer service, and improve collaboration among employees. These systems offer features such as voicemail, call forwarding, conferencing, and integration with customer relationship management (CRM) software, making them essential for modern business operations. Additionally, the rise in remote working trends has further propelled the demand for efficient and versatile phone systems that support a distributed workforce.

Another significant factor contributing to the market's growth is the cost-efficiency and scalability of modern phone systems. VoIP (Voice over Internet Protocol) and cloud-based phone systems, in particular, are becoming popular among small businesses due to their lower installation and maintenance costs compared to traditional phone systems. These systems also offer the flexibility to scale operations up or down based on business needs, making them ideal for growing enterprises. Moreover, the integration of advanced features such as artificial intelligence (AI) for automated customer service and analytics is enhancing the functionality and value proposition of these systems.

The increasing importance of customer experience and engagement is also fostering the adoption of advanced phone systems among small businesses. In competitive markets, providing excellent customer service can be a key differentiator, and modern phone systems enable businesses to manage customer interactions more effectively. Features like call routing, automated attendants, and real-time analytics help businesses respond to customer inquiries promptly and efficiently. Furthermore, the ability to integrate phone systems with other business applications, such as CRM and help desk software, allows for a more holistic approach to customer management.

From a regional perspective, North America holds a significant share of the small business phone systems market, driven by high adoption rates of advanced communication technologies and a strong presence of key market players. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the increasing number of small and medium-sized enterprises in countries like China and India, coupled with rising investments in IT infrastructure and digital technologies. Additionally, government initiatives to promote digitalization and support small businesses are likely to further boost market growth in this region.

As small businesses continue to embrace digital transformation, the role of Business Phone Number Apps becomes increasingly significant. These apps provide businesses with the flexibility to manage communication on the go, allowing employees to stay connected with clients and colleagues from anywhere. Business Phone Number Apps often integrate seamlessly with existing phone systems, offering features such as call forwarding, voicemail, and messaging, which are essential for maintaining professional communication standards. Additionally, these apps can be particularly beneficial for remote teams, as they enable consistent communication without the need for physical office infrastructure. By leveraging Business Phone Number Apps, small businesses can enhance their operational efficiency, improve customer service, and adapt to the evolving demands of the modern workplace.

Product Type Analysis

The small business phone systems market is segmented by product type into VoIP Phone Systems, PBX Phone Systems, Key System Units, and Hybrid Phone Systems. VoIP Phone Systems are rapidly gaining popularity due to their cost-effectiveness and advanced features. These systems use the internet to transmit voice calls, eliminating the need for traditional phone line

The State Small Business Credit Initiative (SSBCI)Transactions Dataset is a set of files reporting transaction level data for all transactions conducted through the SSBCI program from inception in 2011 through December 31, 2016. This dataset categorizes transactions by program type, according to the five approved SSBCI programs: Capital Access Programs, Collateral Support Programs, Loan Guarantee Programs, Loan Participation Programs, and Venture Capital Programs. The transaction level data was reported to Treasury by Participating States on an annual basis, as required by the Allocation Agreements. Participating States included all 50 states, the District of Columbia, American Samoa, Guam, Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands. The data fields provided here include the total financing amount, the amount of federal dollars expended, the date of the transaction, and the industry, zip code, and FTEs of the business receiving financing at the point of transaction, among other fields. The data files are available for public use. This dataset provides quantitative information that can be used for analysis of federal expenditure in supporting small business and economic development in identifying how and where federal financing was used.

During a survey on small businesses in the U.S. in August 2024, about 21 percent of the respondents stated that the most important problem for small businesses was quality of labor. Additionally, around 24 percent of survey participants said that inflation was the most important problem for their business, a slight increase from August 2023, when inflation was the biggest concern for 23 percent of businesses.

Small Business Sentiment in the United States increased to 51.67 in February from 49.03 in January of 2015. This dataset provides the latest reported value for - US Small Business Health Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.