Main Street Monday: The Latest Small Business Stats as of June 30

by Bob Coleman

Founder & Publisher

According to SBA’s Office of Advocacy recent report, the U.S. contains 36.2 million small businesses, which account for almost 46 percent of private sector employment. From March 2023 to March 2024, U.S. small businesses created approximately 9 out of every of 10 net new jobs. Small businesses in the U.S. opened 1.1 million new establishments and created a net increase of 1.2 million new jobs. California is the state with the highest number of small businesses, at 4.34 million, followed by Texas (3.52 million) and Florida (3.49 million). Montana is the state with the highest share of employment at small businesses, at 66.3 percent, followed by Wyoming (65.2 percent) and Vermont (62.1 percent).

“Small businesses continue to be the accelerator of the American economy,” says Deputy Chief Counsel Chip Bishop. “Small businesses fuel economic growth, job creation, and supply chain resiliency across the country. Advocacy’s small business profiles document the economic importance of small businesses in every state. We hope policymakers at the state and local level use this data to better understand the role small businesses play across the country and adopt policies that encourage them to flourish.”

Check out all the stats here

Construction Loan Closing Documentation: Meeting SOP Requirements with Perfection — Webinar 7/23

Construction lending under the SBA 7(a) and 504 programs can be a profitable niche — when done right. But with it comes a unique set of documentation and compliance challenges that can derail a project if not properly managed.

Join construction risk management expert Kyle Gustafson as he walks through the key documents, timelines, and risk factors that lenders must manage to ensure projects stay on track and SBA guarantees are protected.

Read more and register here

Coleman’s Certified SBA Loan Closer Training II (New + Updated)

Coleman’s Certified SBA Loan Closer Training is a 10-week course designed to help you understand the full process of closing SBA 7(a) loans. Whether you’re new to SBA lending or looking to strengthen your foundation, this course walks you through step-by-step guidance using real-world examples and the latest SOP 5010 8 updates.

Taught by Lance Sexton, a nationally recognized SBA instructor with over 30 years of experience in the field.

Read more and enroll here

PREVIOUS REPORTING

Ex-Bank President Pleads Guilty in $3.6 Million Straw Borrower Scheme

Movers & Shakers: Diane Gallion, John Chung, Matthew Kutner & Amber Gonzales Step Into New Roles

A Coleman Conversation: SBA Lending Eligibility for Legal Immigrants

Civil Monetary Penalties Adjustment – What 7(a) Lenders Should Know

UPCOMING COLEMAN WEBINARS

AI 101: Transforming SBA 7(a) Credit Underwriting Memos – A Four-Week Workshop in July

Construction Loan Documentation: Meeting SBA SOP Requirements with Confidence — 7/23

Mastering SBA 7(a) Delinquency: Insider Tips for Servicing Loans Past 31 Days — Webinar 7/30

SBA Lending Conference Schedule 2025

America East – August 4-6 (Atlantic City, NJ)

FLAGGL – September 17-19 (Orlando, FL)

NADCO Now – October 14-17 (Ft. Lauderdale, FL)

COLEMAN SOP LIBRARY

“Easy Money, Hard Time: 19-Covid PPP Loan Fraud Stories” by Bob Coleman

eBook Available for $14.95

Paperback available for $24.95

Hardcover available for $49.95

SBA 5010 8 (6/25) SBA Loan Policy

Paperback available on Amazon for $29.95

SBA 5057 3.1 (12/24) SBA Loan Servicing and Liquidation

Hardcover available on Amazon for $39.95

SBA 5056 1 (11/23) SBA Lender Policy

Hardcover available on Amazon for $39.95

COLEMAN YOUTUBE

Ex-Bank President Pleads Guilty in $3.6 Million Straw Borrower Scheme (7/11/25)

A Coleman Conversation: SBA Lending Eligibility for Legal Immigrants (7/9/25)

$93 Million Alleged PPP Loan Fraud Scheme Turns to Attempted Murder (7/4/25)

A Coleman Conversation: Omar Morel (7/2/25)