Business Growth: Impact on Business Assets

73% of loan recipients say their business assets have improved. Non-BIPOC loan recipients report a higher improvement than BIPOC loan recipients.

85% of male loan recipients say their business assets have increased, compared to 71% of female.

When analyzed by industry*, 42% of construction loan recipients say their business assets have ‘very much increased’, followed by business services (32%) and transportation (26%).

There is a strong statistical relationship between loan recipients who say their business income has increased and those who report an increase in business assets.

We found no strong differences between states.

* Considering those with more than 20 respondents

Change in Business Assets

Q: Have your business assets, such as equipment, vehicles, and properties, changed because of your business activity? (n = 275)

Very much decreased

Slightly decreased

No change

Slightly improved

Very much increased