SOUTH BEND, Ind. (WNDU) -Small businesses are the backbone of Indiana, with 99.4% of businesses located in Indiana being designated as small, according to the U.S Small Business Administration, an agency of the US government that provides support to entrepreneurs and small businesses. And after a recent report by the SBA the numbers say small businesses are up here in the Hoosier state. The number of business applications in Indiana has increased by 37 percent compared to pre-pandemic levels according to the SBA. This year alone their have been over 1800 loans for $728 million dollars statewide. And that growth is being seen locally: Numbers for approved loans in counties of Northwest
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