November 2011

Report with Respect to Women-, Veteran-, 

and Minority-Owned Businesses
2

Small businesses are a vital part 

of the American economy. Their success 

is a necessary component of the 

economic recovery. Currently, many small 

businesses – including those owned by 

women, veterans, and minorities – face 

challenges in accessing the credit they 

need. Established by the Small Business 

Jobs Act of 2010 to increase small business 

lending, the Small Business Lending Fund 

provided $4.0 billion in funding to 332 

community banks and community 

development loan funds.

This investment could help increase 

lending to small businesses by more than 

$9.3 billion, enabling them to grow and 

create new jobs in their local communities 

across the nation.

REPORT ON THE SMALL BUSINESS 

LENDING FUND WITH RESPECT TO 

WOMEN-, VETERAN-, AND MINORITYOWNED BUSINESSES

TABLE OF CONTENTS

INTRODUCTION

Table of Contents

Report Overview

At A Glance: The Small Business Lending Fund

At A Glance: State-By-State

Side-By-Side: The SBLF Program for Community Banks 

and for Community Development Loan Funds 

CHAPTER ONE

Overview and Definitions of Women-, Veteran-, and 

Minority-Owned Businesses

CHAPTER TWO

Overview of Communities Served by CDLFs

CHAPTER THREE

Outreach to Potential Applicants

CHAPTER FOUR

Small Business Lending Plans Submitted by 

Participating Banks and CDLFs

CHAPTER FIVE

Potential Impact of SBLF Funding on Women-, 

Veteran-, and Minority-Owned Businesses

CHAPTER SIX

Methodology

APPENDICES

A. Participating Community Banks

B. Participating CDLFs
3

REPORT OVERVIEW

This report is submitted pursuant to Section 4112 of 

the Small Business Jobs Act of 2010 (the Act), which 

requires the Secretary of the U.S. Department of the 

Treasury (Treasury) to conduct a study of the impact 

of the Small Business Lending Fund (SBLF or program

or fund) on women-, veteran-, and minority-owned 

businesses and to submit a report on the results of the 

study to Congress.

 

All SBLF investments were completed between June 

21 and September 27 of this year. This report 

provides information on Treasury’s implementation of 

the SBLF and—because program participants recently 

received funding—studies the program’s potential

impact on women-, veteran-, and minority-owned 

businesses. In total, Treasury provided $4.0 billion in 

funding to 332 community banks1and community 

development loan funds (CDLFs), which could help 

increase lending to small businesses by $9.3 billion.2

In assessing the potential impact of the SBLF, this 

report describes Treasury’s outreach to potential 

applicants and evaluation of participant lending plans. 

It also provides information on participating 

institutions, such as the amount of funding received 

and the women-, veteran-, and minority-owned 

business communities served. This report is divided 

into six chapters as shown on the previous page. The 

methodology of the study is described in Chapter Six.

 

1

In this report, the term “banks” or “community banks” encompasses 

banks, thrifts, and bank and thrift holding companies with consolidated 

assets of less than $10 billion.

2

The potential $9.3 billion increase in qualified small business lending is an 

aggregate of estimated increases provided by program participants on the 

small business lending plans they submitted with their SBLF applications. 

For more information on this calculation, refer to Chapter Six 

(Methodology) of this report. 
4

AT A GLANCE: THE SMALL BUSINESS LENDING FUND

Sources:U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits

What is the Small Business Lending Fund (SBLF)?

The SBLF could spur a $9.3 billion increase in loans to small 

businesses from community banks and CDLFs.

Established by the Act, the SBLF encourages lending to small 

businesses by providing capital to community banks and CDLFs 

with less than $10 billion in total assets. 

• For community banks, the SBLF is structured as a 

dividend (or interest) rate incentive program. The more 

a bank increases its small business lending, the lower the

rate it paysfor the SBLF funding.

• For CDLFs, the SBLF provides low-cost capital, offering 

CDLFs equity equivalent investments at a 2 percent

interest rate.

Through the SBLF, participating community banks and 

CDLFs can work with the small businesses in their local 

communities and neighborhoods to provide the credit they 

need to expand, create jobs, and promote economic 

growth. Because banks and CDLFs leverage their capital, 

the SBLF could help increase lending to small businesses by 

multiples of the total capital provided to the 332 

participating institutions.

Summary of the SBLF Program by the Numbers

• SBLF’s investments in 332 community banks and CDLFs

could spur a $9.3 billion increase in lending to small 

businesses that need additional credit to grow and 

create jobs.

• In total, there are 281 community banks and 51 CDLFs

participating in SBLF with over 3,000 locations across 

the nation that serve small businesses.

• SBLF investments could spur a $2.6 billion increase in 

lending to women-owned businesses, an $863 million

increase in lending to veteran-owned businesses, and a 

$1.9 billion increase in lending to minority-owned 

businesses.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
5

AT A GLANCE: THE SMALL BUSINESS LENDING FUND STATE-BY-STATE

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners
6

SIDE-BY-SIDE OVERVIEW OF THE SBLF PROGRAM FOR

COMMUNITY BANKS AND COMMUNITY DEVELOPMENT LOAN FUNDS

FOR COMMUNITY BANKS:

The basic premise of the SBLF program for community 

banks—which originate more than half of small business 

lending in the U.S.—is simple: Spur small business lending 

by providing capital to participating community banks and 

reduce the dividend or interest rate a bank pays as it 

increases its lending to small businesses.

Amount of Funding Available

A bank that had total assets of $1 billion or less could apply 

for SBLF funding of up to 5 percent of its risk-weighted 

assets. A bank that had assets of more than $1 billion, but 

less than $10 billion could apply for SBLF funding that 

equaled up to 3 percent of its risk-weighted assets. 

Dividend Rate

The initial dividend3rate is, at most, 5 percent. If a bank’s 

small business lending increases by 10 percent or more, 

then the rate falls to as low as 1 percent. Banks that 

increase their lending by amounts less than 10 percent can 

benefit from rates set between 2 and 4 percent. If lending 

does not increase in the first two years, however, the rate 

increases to 7 percent. After 4.5 years, the rate increases to 

9 percent if the bank has not already repaid the SBLF 

investment.

Eligibility Requirements

An insured depository institution was eligible to participate

in the SBLF if it had assets equal to or less than $10 billion

as of December 31, 2009, was not on the FDIC’s problem 

bank list (or similar list), and was able to pay dividends on 

SBLF securities.

 

3

Participating C corporations issued preferred stock to Treasury and pay 

quarterly dividends on Treasury’s SBLF investment. Participating S 

corporations and mutual institutions issued debt instruments to Treasury 

and pay quarterly interest on Treasury’s investment. The initial interest 

rate paid by S corporations and mutual institutions is, at most, 7.7 percent. 

If these institutions increase their small business lending by 10 percent or 

more, then the rate falls to as low as 1.5 percent. These interest rates 

equate to after-tax effective rates (assuming a 35% tax rate) equivalent to 

the dividend rate paid by C corporation participants.

FOR COMMUNITY DEVELOPMENT LOAN FUNDS:

The basic premise of the SBLF for CDLFs is simple: Spur 

small business lending by providing low-cost capital to 

participating CDLFs that have long-term experience 

serving urban, rural, and reservation-based communities 

often overlooked by conventional financial institutions.

Amount of Funding Available

A CDLF could apply for SBLF funding in an amount not less 

than 1 percent and not more than 5 percent of its total 

assets as reported in its audited financial statements for the 

fiscal year ended in calendar year 2009.

Interest Rate

The initial interest rate is 2 percent for the first 8 years. 

After the eighth year, the rate will increase to 9 percent if 

the CDLF has not already repaid the SBLF funding.

Eligibility Requirements

A CDLF was eligible to participate in the SBLF if it had assets 

of less than $10 billion, was certified by the Community 

Development Financial Institutions Fund (CDFI Fund) as a 

CDFI, had three years of operating experience, was exempt 

from taxation, and satisfied the following financial criteria:

• positive net income for the past three years;

• cash and cash equivalents equal to or greater than 

operating expenses for each of the four most recent 

quarters ended;

• year-end cash and cash equivalents equal to or 

greater than 25% of annual operating expenses for 

one or both of the two most recent fiscal years ended;

• net assets plus EQ2 as a percentage of total assets of 

at least 20%;

• loan loss reserves as a percentage of loans that are 90 

days or more delinquent of at least 30%;

• loans 90 days or more delinquent as a percentage of 

unrestricted net assets plus loan loss reserves of less 

than 40%; and

• at least 10% of total current loans must be qualified 

CDLF small business lending.
7

CHAPTER ONE: OVERVIEW AND 

DEFINITIONS OF WOMEN-, VETERAN-, 

AND MINORITY-OWNED BUSINESSES

Of the 27.1 million businesses in the U.S. Census Bureau’s 

latest Economic Census, 7.8 million were women-owned, 

2.4 million were veteran-owned, and 5.8 million were 

minority-owned.

This chapter provides an overview of women-owned, 

veteran-owned, and minority-owned businesses in the 

United States, based on general information from the U.S. 

Census Bureau’s 2007 Survey of Business Owners (“SBO”)

collected as part of the 2007 Economic Census.

Every five years, the Census Bureau provides detailed 

information on women-owned, veteran-owned, and 

minority-owned businesses, including the number of 

businesses in each of these ownership categories and their

geographic distribution. The survey includes other data on

these businesses, such as sales and receipts, number of paid 

employees, annual payroll, and industry sectors.

The SBO includes a sample of more than 2.3 million 

nonfarm businesses filing 2007 tax forms as individual 

proprietorships, partnerships, or any type of corporation, 

and that have tax receipts of $1,000 or more. 

National Estimates of Business Ownership for Women, 

Veterans, and Minorities

Of the 27.1 million businesses in the United States in 2007, 

805,533 were publicly held and other firms not classifiable 

by gender, ethnicity, race, and veteran status. These nonclassifiable firms accounted for only 3 percent of the total 

number of businesses, but almost 64 percent of the $30 

trillion dollars in total business receipts.

This report focuses on the 97 percent of businesses that 

were classifiable by gender, ethnicity, race, and veteran 

status. These classifiable businesses account for 36 percent 

of the $30 trillion dollars in total business receipts. 

Specifically, this report describes the potential impact of the 

SBLF program with respect to:

• The 7.8 million women-owned businesses that account 

for 3.9% of total business receipts, or $1.2 trillion 

dollars.

• The 2.4 million veteran-owned businesses that account 

for 4.1% of total business receipts, or $1.2 trillion 

dollars.

• The 5.8 million minority-owned businesses that 

account for 3.4% of total business receipts, or $1.0 

trillion dollars.

The minority-owned businesses described in this report 

include:

• 2.3 million Hispanic-owned businesses4

• 1.9 million Black-owned businesses

• 237,000 American Indian- and Alaska Native-owned 

businesses

• 38,000 Native Hawaiian and Other Pacific Islanderowned businesses

• 1.5 million Asian-owned businesses 

Definitions of Women-Owned, Veteran-Owned, and 

Minority-Owned Businesses

Per the SBO, and in this report, business ownership is 

defined as having 51 percent or more5of the equity, 

interest, or stock of the business. 

Because there is overlap between women, veteran, and 

minority business ownership, the totals reported for each 

category of owners are not additive. For example, if a 

business is owned by a woman who is also a veteran, the 

business would be included in both the women-owned and 

veteran-owned categories. However, such a business 

would only be counted once toward the summary business

totals. The following definitions are used to describe 

business ownership throughout this report:

• Women-owned: Women own 51 percent or more of 

the equity, interest, or stock of the business

 

4

Per the SBO, Hispanic is an ethnicity, and can be of any race. For 

example, if a business is owned by a Hispanic who is also Black, the 

business would be included in both the Hispanic-owned and Blackowned categories. However, such a business would only be 

counted once toward the higher level business totals and the 

subcategories may not sum to totals. 

5

The SBO categorizes the percentage of women-owned, veteranowned, and minority-owned businesses in three groups. For 

example, when categorizing business ownership by veteran status, 

a business is either (1) veteran-owned (veteran(s) own 51 percent 

or more of the business), (2) non-veteran-owned (non-veteran(s) 

own 51 percent or more of the business), or (3) equally veteranand non-veteran-owned (veteran(s) own 50 percent of the 

business and non-veteran(s) own 50 percent of the business). The 

same categorization applies to women-owned and minorityowned businesses. For the purposes of this report, equally-owned 

businesses are not considered to be women-owned, veteranowned, or minority-owned businesses.
8

• Veteran-owned: Veterans of the U.S. military own 51 

percent or more of the equity, interest, or stock of the 

business. 

• Hispanic-owned: Hispanics of any race own 51 percent 

or more of the equity, interest or stock of the business. 

• Black-owned: Persons having origins in any of the Black

racial groups of Africa, including those who consider 

themselves Haitian, own 51 percent or more of the 

equity, interest, or stock of the business. 

• American Indian- and Alaska Native-owned: Persons of 

Native American origins and who maintain tribal 

affiliations or community attachments, own 51 percent 

or more of the equity, interest, or stock of the business. 

• Native Hawaiian- and Other Pacific Islander-owned: 

Persons of Native Hawaiian or Other Pacific Islander 

origin own 51 percent of the equity, interest, or stock 

of the business.

 

• Asian-owned: Persons of Asian origin own 51 percent 

or more of the equity, interest, or stock of the business. 

For additional information regarding the methodology of 

the SBO, visit the Census Bureau’s website at 

www.census.gov/econ/sbo. 
9

CHAPTER TWO: OVERVIEW OF 

COMMUNITIES SERVED BY CDLFs

CDLFs fill a vital role in the U.S. economy by providing 

loans to small businesses that are sometimes overlooked 

or underserved by the larger banking sector, including 

women-, veteran-, and minority-owned businesses. The 

SBLF’s low-cost capital program provided 51 CDLFs across 

the country with $104 million in equity equivalents, 

helping theseCDLFs work with small businesses in their 

communities to grow and create jobs. 

Participating CDLFs are non-profit loan funds, certified by 

Treasury as Community Development Financial Institutions 

(CDFIs) that play a critical role in distressed communities 

that lack access to mainstream financial services. CDLFs 

engage in activities that include offering microloans to

entrepreneurs, providing mezzanine debt to growing small 

businesses, and financing community facilities like charter 

schools and health clinics.

Some CDLFs seek to reduce the risks associated with 

lending in distressed communities through a detailed 

assessment of a potential borrower’s skills and abilities. 

CDLFs often provide technical assistance or mentoring 

opportunities for borrowers and, typically, build strong 

relationships with the organizations and businesses they 

finance.

For example, the Wisconsin Women’s Business Initiative 

Corporation (WWBIC), a CDLF participating in the SBLF 

program, offers the following description of providing

“access to capital including direct lending: one-on-one 

business assistance; business education; and financial 

education programming. Our financing products and 

development services are open to anyone, but our mission 

emphasis is women, people of color, and people of lower 

wealth and incomes -- those most likely to be underserved 

by traditional financial institutions."

While the missions of CDLFs vary from institution to 

institution, they usually have an economic or social 

objective that is focused on the city, community, or region 

they serve. 

For example, Bridgeway Capital in western Pennsylvania

states that it is focused on financing “job-creating 

businesses and product-based businesses in particular (as 

opposed to service-based).” 

The Midwest Minnesota Community Development 

Corporation (MMCDC) offers an additional example of a 

CDLF funded through SBLF. Among its other development 

projects in Minnesota, the MMCDC has committed to invest 

$20 million on the White Earth Reservation by 2020. This 

initiative is called the White Earth Investment Initiative and 

it is governed by a predominantly Native American board of 

directors. 

In South Carolina, Charleston’s Local Development 

Corporation (LDC) received funding through the SBLF. This 

CDLF provides flexible lending to many women- and 

minority-owned businesses. In general, the LDC provides

technical assistance to a borrower prior to originating a 

loan. LDC originated $3.9 million in loans between 2008 to 

2010, and almost 2,000 loans in the last year alone.

The $104 million in capital provided to 51 CDLFs through 

the SBLF can help small businesses in underserved 

communities—like those supported by the WWBIC, 

Bridgeway Capital, the MMCDC, and the LDC—access the 

capital they need to grow and create jobs.

The following lists the 51 CDLFs that received funding 

through the SBLF:

• Appalachian Community Enterprises, Cleveland GA

• Boston Community Loan Fund, Boston MA

• Bridgeway Capital, Pittsburgh PA

• Building Hope... A Charter School Facilities Fund, 

Washington DC

• California Coastal Rural Development Corporation, 

Salinas CA

• Capital Link, Boston MA

• CEN-TEX Certified Development Corporation, Austin TX

• Charleston Citywide Local Development Corporation, 

Charleston SC

• Citizen Potawatomi Community Development 

Corporation, Shawnee OK

• Coastal Enterprises, Wiscasset ME

• Colorado Enterprise Fund, Denver CO

• Common Capital, Holyoke MA

• Community First Fund, Lancaster PA

• Community Loan Fund of the Capital Region, Albany NY

• Community Reinvestment Fund, Minneapolis MN

• Community Ventures Corporation, Lexington KY

• ECDC Enterprise Development Group, Arlington VA

• Economic and Community Development Institute, 

Columbus OH

• Enterprise Community Loan Fund, Columbia MD

• Federation of Appalachian Housing Enterprises, Berea 

KY

• Forward Community Investments, Madison WI

• Greater New Haven Community Loan Fund, New Haven 

CT
10

• IFF, Chicago IL

• Impact Seven, Almena WI

• La Fuerza Unida Community Development Corporation, 

East Norwich NY

• Leviticus 25:23 Alternative Fund, Inc., Elmsford NY

• Low Income Investment Fund, San Francisco CA

• Lowcountry Housing Trust Incorporated, North 

Charleston SC

• Midwest Minnesota Community Development 

Corporation, Detroit Lakes MN

• Montana Community Development Corporation, 

Detroit Lakes MN

• Mountain BizCapital, Asheville NC

• NCB Capital Impact, Arlington VA

• Nebraska Enterprise Fund, Oakland NE

• Nonprofits Assistance Fund, Minneapolis MN

• Northeast South Dakota Economic Corporation, 

Sisseton SD

• Northside Community Development Fund, Pittsburgh 

PA

• OBDC Small Business Finance, Oakland CA

• Opportunity Fund Northern California, San Jose CA

• Partners for the Common Good, Washington DC

• PeopleFund, Austin TX

• Primary Care Development Corporation, New York, NY

• Rural Community Assistance Corporation, West 

Sacramento CA

• Rural Electric Economic Development, Madison SC

• Seedco Financial Services, New York NY

• ShoreBank Enterprise Group, Pacific, Ilwaco WA

• South Eastern Development Foundation, Sioux Falls SD

• The Progress Fund, Greensburg PA

• The Reinvestment Fund, Philadelphia PA

• Valley Economic Development Center, Van Nuys CA

• Vermont Community Loan Fund, Montpelier VT

• Wisconsin Women’s Business Initiative Corporation, 

Milwaukee WI
11

CHAPTER THREE: OUTREACH TO 

POTENTIAL APPLICANTS

To raise awareness of the SBLF program, Treasury initiated

4,600 outreach calls, including calls to 60 percent of 

potentially qualified community banks and 100 percent of 

potentially qualified CDLFs. In particular, Treasury 

initiated calls to over 70 percent of the potentially 

qualified institutions in states with the largest number and 

highest concentrations of women-, veteran-, and minorityowned businesses.

Treasury engaged directly with community banks and 

CDLFs—including those that serve small businesses that are 

women-owned, veteran-owned, and minority-owned—to 

build nationwide awareness about the SBLF program.

On December 20, 2010, less than three months after 

passage of the Act, Treasury published detailed program 

terms and application materials on the SBLF website. 

Treasury hosted or participated in more than 50 industry 

events, teleconferences, and webinars, including sessions 

organized by the Independent Community Bankers of 

America, National Bankers Association, Opportunity Finance 

Network, National Development Council, and the 

Interagency Minority Depository Institutions Conference. In 

addition, as described, Treasury initiated more than 4,600 

calls to potentially qualified institutions, including 

substantially all loan funds certified as Community 

Development Financial Institutions (CDFIs) by Treasury’s 

CDFI Fund.

The following describes the distribution of the 4,600 

outreach calls to the community banks and loan funds that 

serve states with the largest number, highest percent, and 

most substantial growth of women-owned, veteran-owned 

and minority-owned businesses:

Women-Owned Business Communities

• 64.5 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

number of women-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 1,154 of 1,788 potentially 

qualified institutions in these states received calls.

These states include: California [1.0 million women-owned 

businesses], Texas [0.6], New York [0.6], Florida [0.6], Illinois 

[0.3], Georgia [0.3], Pennsylvania [0.3], Ohio [0.2], Michigan 

[0.2], and North Carolina [0.2].

• 68.2 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the highest 

percentage of women-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 761 of 1,115 potentially 

qualified institutions in these states received calls.

These states include: Maryland [32.6% women-owned 

businesses], New Mexico [31.7%], Hawaii [31.0%], Georgia 

[30.9%], Illinois [30.5%], New York [30.4%], Michigan [30.4%], 

California [30.3%], Virginia [30.1%], and the District of 

Columbia [34.5%].

• 69.0 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

percentage increase in women-owned businesses 

from 2002 to 2007 received calls initiated by Treasury 

with information about applying for SBLF funding. In 

total, 596 of 864 potentially qualified institutions in 

these states received calls about the program.

These states include: Georgia [41.8% growth in womenowned businesses], Florida [32.9%], Nevada [32.9%], 

Alabama [31.4%], Texas [30.2%], North Carolina [29.7%], 

South Carolina [29.4%], Mississippi [29.2%], Utah [26.8%], 

and Delaware [26.7%]. 

Veteran-Owned Business Communities

• 63.5 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

number of veteran-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 1,127 of 1,776 potentially 

qualified institutions in these states received calls.

These states include: California [0.2 million veteran-owned 

businesses], Texas [0.2], Florida [0.2], New York [0.1], Georgia 

[0.1], Pennsylvania [0.1], Ohio [0.1], North Carolina [0.1], 

Illinois [0.1], and Virginia [0.1].

• 70.0 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the highest 

percentage of veteran-owned businesses received 

calls initiated by Treasury with information about 

applying for SBLF funding. In total, 447 of 639 

potentially qualified institutions in these states 

received calls.

These states include: South Carolina [12.9% veteran-owned 

businesses], West Virginia [12.6%], Virginia [12.4%], 

Tennessee [11.9%], Alabama [11.8%], Mississippi [11.6%], 

Rhode Island [11.1%], Georgia [10.8%], Nevada [10.7%], and 

North Carolina [10.6%].
12

Hispanic-Owned Business Communities

• 63.7 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

number of Hispanic-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 939 of 1,475 potentially 

qualified institutions in these states received calls.

These states include: California [0.6 million Hispanic-owned 

businesses], Florida [0.5], Texas [0.4], New York [0.2], New 

Jersey [0.06], Illinois [0.06], Arizona [0.06], New Mexico 

[0.03], Colorado [0.03], and Georgia [0.03].

• 64.1 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the highest 

percentage of Hispanic-owned businesses received 

calls initiated by Treasury with information about 

applying for SBLF funding. In total, 671 of 1,047 

potentially qualified institutions in these states 

received calls.

These states include: New Mexico [23.6% Hispanic-owned 

businesses], Florida [22.4%], Texas [20.7%], California 

[16.5%], Arizona [10.7%], New York [9.9%], New Jersey 

[8.7%], Nevada [8.1%], Colorado [6.2%], and Washington, 

D.C. [6.1%].

• 66.6 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

percentage increase in Hispanic-owned businesses 

from 2002 to 2007 received calls initiated by Treasury 

with information about applying for SBLF funding. In 

total, 500 of 751 potentially qualified institutions in 

these states received calls about the program.

These states include: Arkansas [159.6% growth in Hispanicowned businesses], North Carolina [135.5%], Pennsylvania 

[106.8%], Tennessee [102.9%], South Carolina [97.8%], 

Nevada [85.1%], Oregon [78.3%], Utah [78.1%], Georgia 

[77.9%], and Alabama [76.0%].

Black-Owned Business Communities

• 66.6 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

number of Black-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 1,055 of 1,583 potentially 

qualified institutions in these states received calls.

These states include: New York [0.2 million Black-owned 

businesses], Georgia [0.2], Florida [0.2], Texas [0.2], California 

[0.1], Illinois [0.1], Maryland [0.1], North Carolina [0.08], 

Michigan [0.07], and Virginia [0.06].

• 74.0 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the highest 

percentage of Black-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 578 of 781 potentially 

qualified institutions in these states received calls.

These states include: Washington, D.C. [28.2% Black-owned 

businesses], Georgia [20.4%], Maryland [19.3%], Mississippi

[18.0%], Louisiana [15.9%], Alabama [14.8%], South Carolina 

[12.1%], North Carolina [10.5%], New York [10.4%], and 

Virginia [9.9%].

• 65.6 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

percentage increase in Black-owned businesses from 

2002 to 2007 received calls initiated by Treasury with 

information about applying for SBLF funding. In total, 

644 of 982 potentially qualified institutions in these 

states received calls about the program.

These states include: Maine [127.2% growth in Black-owned 

businesses], North Dakota [109.0%], Georgia [103.3%], 

Nevada [99.7%], Alabama [97.8%], Oregon [81.9%], 

Pennsylvania [80.6%], Florida [77.8%], Utah [76.3%], and 

Texas [73.8%].

American Indian- and Alaska Native-Owned Business 

Communities

• 66.4 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

number of American Indian- and Alaska Native-owned 

businesses received calls initiated by Treasury with 

information about applying for SBLF funding. In total, 

776 of 1,169 potentially qualified institutions in these 

states received calls.

These states include: California [0.04 million American Indianand Alaska Native-owned businesses], Oklahoma [0.02], 

Texas [0.02], New York [0.01], Florida [0.01], Arizona [0.01], 

New Mexico [0.01], North Carolina [0.01], Alaska [0.01], and 

Washington [0.01].

• 66.7 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the highest 

percentage of American Indian- and Alaska Nativeowned businesses received calls initiated by Treasury 

with information about applying for SBLF funding. In 

total, 430 of 645 potentially qualified institutions in 

these states received calls.
13

These states include: Alaska [10.0% American Indian- and 

Alaska Native-owned businesses], Oklahoma [6.3%], New 

Mexico [5.3%], South Dakota [2.2%], Montana [2.0%], Arizona 

[1.9%], North Dakota [1.6%], California [1.3%], Hawaii [1.3%], 

and Washington [1.2%].

• 62.7 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

percentage increase in American Indian- and Alaska 

Native-owned businesses from 2002 to 2007 received 

calls initiated by Treasury with information about 

applying for SBLF funding. In total, 525 of 838 

potentially qualified institutions in these states 

received calls about the program.

These states include: Washington [130.5% growth in 

American Indian and Alaska Native-owned businesses], 

Hawaii [130.5%], Illinois [74.3%], Nebraska [61.8%], Oregon 

[61.2%], Arizona [39.3%], Vermont [37.1%], North Carolina 

[34.9%], Connecticut [34.6%], and Georgia [34.3%].

Native Hawaiian- and Other Pacific Islander-Owned 

Business Communities

• 87.5 percent of the potentially qualified community 

banks and CDLFs in Hawaii received calls initiated by 

Treasury with information about applying for SBLF 

funding. In total, 7 of 8 potentially qualified institutions 

in Hawaii received calls.

Asian-Owned Business Communities

• 64.9 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

number of Asian-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 970 of 1,494 potentially 

qualified institutions in these states received calls.

These states include: California [0.5 million Asian-owned 

businesses], New York [0.2], Texas [0.1], New Jersey [0.07], 

Florida [0.07], Illinois [0.06], Hawaii [0.06], Georgia [0.06], 

Virginia [0.05], and Washington [0.04].

• 64.3 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the highest 

percentage of Asian-owned businesses received calls 

initiated by Treasury with information about applying 

for SBLF funding. In total, 650 of 1,011 potentially 

qualified institutions in these states received calls.

These states include: Hawaii [47.2% Asian-owned 

businesses], California [14.9%], New York [10.1%], New Jersey 

[8.7%], Nevada [7.9%], Virginia [7.0%], Washington [6.8% 

Asian-owned businesses], Maryland [6.8%], Washington, D.C. 

[5.9%], and Texas [5.3%].

• 70.9 percent of the potentially qualified community 

banks and CDLFs in the 10 states with the largest 

percentage increase in Asian-owned businesses from 

2002 to 2007 received calls initiated by Treasury with 

information about applying for SBLF funding. In total, 

603 of 851 potentially qualified institutions in these 

states received calls about the program.

These states include: Nevada [97.7% growth in Asian-owned 

businesses], Kentucky [71.8%], Georgia [71.7%], Arkansas 

[65.0%], Utah [64.7%], Alabama [61.8%], Arizona [59.9%], 

Iowa [58.7%], Delaware [57.8%], and Florida [57.4%].
14

Table 3.1 - Analysis: State-By-State Outreach Calls to Banks and CDLFs

Sources: U.S. Treasury – SBLF Outreach Calls in 2011, U.S. Census Bureau – 2007 Survey of Business Owners

# % Called

United States Total 27,258,564 28.6% 9.0% 22.0% 4,984 62.3%

Midwest Region 5,548,272 28.0% 8.8% 10.9% 2,097 58.2%

Illinois 1,123,817 30.5% 7.2% 20.4% 354 58.2%

Indiana 482,847 26.8% 9.7% 8.7% 106 61.3%

Iowa 259,931 25.5% 9.2% 3.1% 240 64.6%

Kansas 237,040 27.5% 9.7% 7.7% 218 45.4%

Michigan 816,972 30.4% 8.2% 13.6% 9 9 83.8%

Minnesota 496,657 26.8% 8.8% 6.4% 252 68.3%

Missouri 501,064 26.1% 9.6% 8.7% 220 54.1%

Nebraska 159,665 25.7% 10.0% 5.5% 134 50.7%

North Dakota 61,546 24.7% 10.0% 3.1% 5 6 57.1%

Ohio 897,939 27.7% 9.9% 9.2% 173 43.9%

South Dakota 76,997 22.1% 9.5% 3.9% 5 3 66.0%

Wisconsin 433,797 25.9% 9.1% 6.1% 192 57.3%

Northeast Region 5,112,551 28.7% 8.2% 20.4% 684 59.8%

Connecticut 332,150 28.1% 9.4% 12.4% 4 8 56.3%

Maine 150,389 25.6% 10.6% 2.4% 3 1 54.8%

Massachusetts 596,790 29.8% 8.9% 11.6% 141 51.8%

New Hampshire 137,815 25.8% 10.1% 3.5% 2 2 40.9%

New Jersey 781,622 27.3% 7.9% 25.6% 7 3 52.1%

New York 1,956,733 30.4% 6.5% 31.2% 164 67.7%

Pennsylvania 981,501 27.0% 9.8% 10.4% 176 63.6%

Rhode Island 96,822 27.3% 11.1% 11.7% 1 2 75.0%

Vermont 78,729 26.0% 9.2% 1.9% 1 7 76.5%

South Region 10,092,204 28.5% 10.2% 25.9% 1,653 68.1%

Alabama 382,350 28.1% 11.8% 18.7% 9 0 80.0%

Arkansas 238,994 24.5% 10.4% 10.4% 8 4 60.7%

Delaware 74,573 25.9% 10.2% 14.7% 1 0 70.0%

Florida 2,009,589 28.9% 8.8% 35.2% 112 75.9%

Georgia 901,105 30.9% 10.8% 29.9% 101 81.2%

Kentucky 337,600 25.6% 9.3% 6.1% 151 78.8%

Louisiana 375,808 27.3% 10.2% 22.3% 100 78.0%

Maryland 528,112 32.6% 10.2% 31.7% 5 7 57.9%

Mississippi 225,977 26.9% 11.6% 20.9% 6 0 93.3%

North Carolina 798,791 28.2% 10.6% 16.8% 6 6 71.2%

Oklahoma 333,797 25.3% 10.4% 13.7% 158 63.3%

South Carolina 360,397 27.6% 12.9% 16.2% 4 0 70.0%

Tennessee 545,348 25.9% 11.9% 12.6% 127 53.5%

Texas 2,164,852 28.2% 9.2% 34.1% 349 58.5%

Virginia 638,643 30.1% 12.4% 22.0% 8 7 64.4%

District of Columbia 55,887 34.5% 7.2% 41.1% 1 6 93.8%

West Virginia 120,381 28.0% 12.6% 2.0% 4 5 53.3%

West Region 6,505,537 29.3% 8.0% 26.6% 550 63.6%

Alaska 68,728 25.9% 10.4% 14.9% 1 2 91.7%

Arizona 491,529 28.1% 9.8% 17.9% 2 7 63.0%

California 3,425,510 30.3% 7.0% 37.0% 194 76.3%

Colorado 547,770 29.2% 8.9% 11.4% 6 6 42.4%

Hawaii 120,374 31.0% 8.5% 62.5% 8 87.5%

Idaho 151,671 23.5% 7.8% 4.5% 1 3 53.8%

Montana 114,398 24.6% 10.6% 3.8% 5 0 54.0%

Nevada 221,260 28.6% 10.7% 21.0% 1 1 45.5%

New Mexico 157,231 31.7% 9.6% 32.3% 3 5 57.1%

Oregon 348,154 29.7% 9.3% 9.5% 3 1 80.6%

Utah 246,393 24.9% 7.2% 7.0% 2 5 40.0%

Washington 551,340 28.6% 8.7% 11.4% 5 2 63.5%

Wyoming 61,179 25.5% 8.2% 4.5% 2 6 46.2%

Veteran-Owned 

Businesses %

Minority-Owned 

Businesses %

Potentially Eligible Banks & 

Loan Funds

Total Businesses

Women-Owned 

Businesses %
15

CHAPTER FOUR: SMALL BUSINESS 

LENDING PLANS SUBMITTED BY 

PARTICIPATING BANKS AND CDLFs

According to lending plans submitted by participating 

banks and loan funds, two-thirds belong to or work with 

associations or organizations that represent women, 

veteran, or minority communities. Approximately 90 

percent of SBLF participants planned to target these 

communities in upcoming media and outreach campaigns, 

with more than 80 percent reporting the use of bilingual or 

multilingual outreach materials. 

Treasury required each SBLF applicant to submit a small 

business lending plan that described its approach to 

community outreach. Applicants were asked to note in 

their lending plans the use of print, radio, television, or 

electronic media outlets that target organizations, trade 

associations, and individuals that represent, work with, or 

are women, minorities, or veterans. Treasury further 

requested that applicants describe plans to provide 

linguistically and culturally appropriate outreach.

Treasury evaluated all lending plans and considered each

institution’s experience with small business lending and the 

extent of their planned community outreach activities. Of 

the 332 SBLF participants:

• 65 percent indicated that involvement in local civic and 

professional organizations was an effective method for 

communicating their credit offerings to targeted small 

business, including those owned by women, veterans, 

and minorities.

• 90 percent indicated that they plan on executing 

targeted campaigns to reach women, veteran, or 

minority business owners.

• 82 percent indicated that they had produced or plan to 

produce linguistically and culturally appropriate 

outreach materials.

The following offers some examples of community outreach 

opportunities highlighted by participating banks and CDLFs:

• “The bank has a specific emphasis in the women-owned 

business sector, and co-hosts annually the ‘Women 

Who Move the City’ event which targets 

businesswomen in all industry categories.”

• “Historically, 51% of the borrowers that we serve in this 

community have been women and 29% AfricanAmerican.”

• “The Bank’s large capital base and strong ties to the 

Latino community have helped it grow when many 

community banks have had to curtail or even shrink 

their lending portfolios. We expect this additional 

capital will further support our on-going commitment 

to providing credit to the business communities which 

we serve.”

• "We are also an active member of several organizations 

that serve the needs of business owners, professionals 

and non-profit leaders including the Colorado Society of 

Association Executives, the 20/30 Club and Women’s 

Vision Foundation, an organization targeting 

professional women in metro Denver... The bank's 

outreach to women is enforced by its high percentage 

of women in leadership roles within the company 

including our CFO, three of the eight Colorado bank 

presidents and one of three in Arizona."

• "We augment our targeted outreach effort with a 

scholarship program for students to attend business 

planning programs at Chatham University's Center for 

Women's Entrepreneurship and Seton Hill University's 

E-Magnify women's business center. [We] also refer

borrowers and potential borrowers to workshops 

conducted by the Small Business Development Centers 

located at several local universities as well as the 

Pittsburgh chapter of SCORE and the Veteran's 

Entrepreneurship Program at Robert Morris University."

• “Our bank is currently pursuing advertising in the ethnic 

newspapers and magazines in our area to reach a more 

culturally diverse market, primarily the large Hispanic 

population located in close proximity.”
16

CHAPTER FIVE: POTENTIAL IMPACT OF

SBLF FUNDING ON WOMEN-, VETERAN-, 

AND MINORITY-OWNED BUSINESSES

The SBLF investments could spur a potential $2.6 billion

increase in lending to women-owned businesses, $863

million increase in lending to veteran-owned businesses, 

and $1.9 billion increase in lending to minority-owned 

businesses.

This chapter is organized into two sections. Section 5.1 

provides maps and data on the potential increase in lending 

to women-, veteran-, and minority-owned businesses 

across the four major regions of the United States: 

Midwest, Northeast, South, and West. Section 5.2 provides 

more detail on each category of business owners, including

information on the potential impact of the SBLF funding on 

each category of businesses.

SECTION 5.1

a. Midwest Region

b. Northeast Region

c. South Region

d. West Region

SECTION 5.2

a. Women-Owned Businesses

b. Veteran-Owned Businesses

c. Hispanic-Owned Businesses

d. Black-Owned Businesses

e. American Indian- and Alaska Native-Owned Businesses

f. Native Hawaiian- and Other Pacific Islander-Owned 

Businesses

g. Asian-Owned Businesses
17

SECTION 5.1(a): MIDWEST REGION

Map 5.1(a): Participating Banks, Branches, and CDLFs in the Midwest

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits

Analysis 5.1(a): Potential Increase in Small Business Lending to 

Women-, Veteran-, and Minority-Owned Businesses in the Midwest

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners 

Community Bank Headquarters Community Bank Branch Community Development Loan Fund

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 3,053 $9,259.8 28.1% $2,600.7 9.3% $863.4 20.4% $1,884.8

Midwest Region 971 $2,100.0 27.4% $575.3 8.9% $186.6 10.0% $209.1

Illinois 251 $435.6 30.5% $132.8 7.2% $31.4 20.4% $88.9

Indiana 214 $240.3 26.8% $64.4 9.7% $23.3 8.7% $20.9

Iowa 7 8 $192.9 25.5% $49.2 9.2% $17.7 3.1% $6.0

Kansas 6 0 $90.4 27.5% $24.9 9.7% $8.8 7.7% $7.0

Michigan 2 7 $168.5 30.4% $51.2 8.2% $13.8 13.6% $22.9

Minnesota 4 6 $189.5 26.8% $50.8 8.8% $16.7 6.4% $12.1

Missouri 148 $245.7 26.1% $64.1 9.6% $23.6 8.7% $21.4

Nebraska 3 9 $62.4 25.7% $16.0 10.0% $6.2 5.5% $3.4

North Dakota 2 7 $140.0 24.7% $34.6 10.0% $14.0 3.1% $4.3

Ohio 1 6 $71.4 27.7% $19.8 9.9% $7.1 9.2% $6.6

South Dakota 1 0 $19.6 22.1% $4.3 9.5% $1.9 3.9% $0.8

Wisconsin 5 5 $243.9 25.9% $63.2 9.1% $22.2 6.1% $14.9

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase 

(millions)

Women-Owned 

Businesses

Veteran-Owned 

Businesses

Minority-Owned 

Businesses
18

SECTION 5.1(b): NORTHEAST REGION

Map 5.1(b): Participating Banks, Branches, and CDLFs in the Northeast

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits

Analysis 5.1(b): Potential Increase in Small Business Lending to 

Women-, Veteran-, and Minority-Owned Businesses in the Northeast

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners

Community Bank Headquarters Community Bank Branch Community Development Loan Fund

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 3,053 $9,259.8 28.1% $2,600.7 9.3% $863.4 20.4% $1,884.8

Northeast Region 481 $1,197.7 28.0% $335.4 8.8% $105.1 15.7% $188.0

Connecticut 1 9 $43.9 28.1% $12.3 9.4% $4.1 12.4% $5.4

Maine 2 0 $48.0 25.6% $12.3 10.6% $5.1 2.4% $1.2

Massachusetts 5 6 $197.8 29.8% $58.9 8.9% $17.6 11.6% $22.9

New Hampshire 7 1 $159.2 25.8% $41.1 10.1% $16.1 3.5% $5.6

New Jersey 8 1 $167.5 27.3% $45.7 7.9% $13.2 25.6% $42.9

New York 6 8 $240.5 30.4% $73.1 6.5% $15.6 31.2% $75.0

Pennsylvania 155 $335.5 27.0% $90.6 9.8% $32.9 10.4% $34.9

Rhode Island 0 $0.0 27.3% $0.0 11.1% $0.0 11.7% $0.0

Vermont 1 1 $5.3 26.0% $1.4 9.2% $0.5 1.9% $0.1

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase 

(millions)

Women-Owned 

Businesses

Veteran-Owned 

Businesses

Minority-Owned 

Businesses
19

SECTION 5.1(c): SOUTH REGION

Map 5.1(c): Participating Banks, Branches, and CDLFs in the South

Sources: U.S. Treasury – September28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits

Analysis 5.1(c): Potential Increase in Small Business Lending to 

Women-, Veteran-, and Minority-Owned Businesses in the South

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners 

Community Bank Headquarters Community Bank Branch Community Development Loan Fund

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 3,053 $9,259.8 28.1% $2,600.7 9.3% $863.4 20.4% $1,884.8

South Region 1,155 $4,278.3 28.1% $1,203.1 10.2% $437.5 25.1% $1,074.2

Alabama 5 9 $321.1 28.1% $90.2 11.8% $37.9 18.7% $60.0

Arkansas 8 9 $211.7 24.5% $51.9 10.4% $22.0 10.4% $22.0

Delaware 2 $15.0 25.9% $3.9 10.2% $1.5 14.7% $2.2

Florida 105 $388.1 28.9% $112.2 8.8% $34.1 35.2% $136.6

Georgia 1 5 $41.0 30.9% $12.7 10.8% $4.4 29.9% $12.3

Kentucky 2 4 $59.4 25.6% $15.2 9.3% $5.5 6.1% $3.6

Louisiana 122 $569.3 27.3% $155.4 10.2% $58.1 22.3% $126.9

Maryland 4 3 $216.0 32.6% $70.4 10.2% $22.0 31.7% $68.5

Mississippi 2 1 $36.5 26.9% $9.8 11.6% $4.2 20.9% $7.6

North Carolina 141 $186.6 28.2% $52.6 10.6% $19.8 16.8% $31.3

Oklahoma 4 7 $226.7 25.3% $57.4 10.4% $23.6 13.7% $31.1

South Carolina 2 5 $75.1 27.6% $20.7 12.9% $9.7 16.2% $12.2

Tennessee 100 $284.4 25.9% $73.7 11.9% $33.8 12.6% $35.8

Texas 272 $1,202.2 28.2% $339.0 9.2% $110.6 34.1% $410.0

Virginia 7 3 $332.3 30.1% $100.0 12.4% $41.2 22.0% $73.1

District of Columbia 1 1 $99.0 34.5% $34.2 7.2% $7.1 41.1% $40.7

West Virginia 6 $14.0 28.0% $3.9 12.6% $1.8 2.0% $0.3

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase 

(millions)

Women-Owned 

Businesses

Veteran-Owned 

Businesses

Minority-Owned 

Businesses
20

SECTION 5.1(d): WEST REGION

Map 5.1(d): Participating Banks, Branches, and CDLFs in the West

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits

Analysis 5.1(d): Potential Increase in Small Business Lending to 

Women-, Veteran-, and Minority-Owned Businesses in the West

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners 

Community Bank Headquarters Community Bank Branch Community Development Loan Fund

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 3,053 $9,259.8 28.1% $2,600.7 9.3% $863.4 20.4% $1,884.8

West Region 446 $1,683.8 28.9% $486.9 8.0% $134.2 24.6% $413.4

Alaska 0 $0.0 25.9% $0.0 10.4% $0.0 14.9% $0.0

Arizona 3 3 $89.1 28.1% $25.0 9.8% $8.7 17.9% $15.9

California 186 $822.0 30.3% $249.1 7.0% $57.5 37.0% $304.1

Colorado 4 2 $165.0 29.2% $48.2 8.9% $14.7 11.4% $18.8

Hawaii 0 $0.0 31.0% $0.0 8.5% $0.0 62.5% $0.0

Idaho 3 6 $69.9 23.5% $16.4 7.8% $5.5 4.5% $3.1

Montana 1 1 $26.3 24.6% $6.5 10.6% $2.8 3.8% $1.0

Nevada 3 2 $117.5 28.6% $33.6 10.7% $12.6 21.0% $24.7

New Mexico 1 8 $40.6 31.7% $12.9 9.6% $3.9 32.3% $13.1

Oregon 2 $3.3 29.7% $1.0 9.3% $0.3 9.5% $0.3

Utah 9 $142.5 24.9% $35.5 7.2% $10.3 7.0% $10.0

Washington 7 3 $187.7 28.6% $53.7 8.7% $16.3 11.4% $21.4

Wyoming 4 $20.0 25.5% $5.1 8.2% $1.6 4.5% $0.9

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase 

(millions)

Women-Owned 

Businesses

Veteran-Owned 

Businesses

Minority-Owned 

Businesses
21

SECTION 5.2(a): WOMEN-OWNED BUSINESSES 

Nationwide, the investments made through the SBLF could spur a potential $2.6 billion increase in lending to womenowned businesses through the community banks and CDLFs in their local communities.

Map 5.2(a): Percent of Women-Owned Businesses in Each State Overlaid with SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business 

Owners

The following details findings on women-owned businesses released on December 7, 2010 based on the data collected in 

the Census Bureau’s most recent Survey of Business Owners (2007 SBO):

 There were 7.8 million women-owned businesses, which accounted for 28.6% of all businesses in the United 

States. These businesses generated $1.2 trillion in receipts.

 From 2002 to 2007, the number of women-owned businesses grew by 20.1%.

 88.3% of these businesses were non-employer firms, with average receipts of $26,486.

 11.7% of these businesses had employees and average receipts of $1.1 million.

 Approximately, 7.6 million people worked for the 910,761 women-owned businesses with employees. The total 

payroll for these employees was $217.6 billion.

The Act defines small business lending to include certain loans6of up to $10 million to businesses with up to $50 million in 

annual sales. The substantial majority of women-owned businesses (98.2 percent) report less than $1 million in annual 

 

6

These loans are defined to include: (i) commercial and industrial loans, (ii) nonfarm, nonresidential real estate loans, (iii) loans to finance agricultural 

production, and (iv) loans secured by farmland.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
22

sales. Even the top 1.8 percent of these businesses average $5.9 million in annual receipts, well under the $50 million 

threshold for qualified small business lending under the SBLF program.

With respect to the geography and concentration of women-owned businesses, the data from the 2007 SBO states that, 

“the percentage of women-owned businesses was fairly constant from state-to-state. In every state, women owned at 

least a fifth of the businesses and the percentage exceeded 30 percent in several states” (U.S. Census Bureau, Press 

Release, December 7, 2010). Similarly, the funding provided to community banks and CDLFs through the SBLF is dispersed 

across 332 lending institutions with over 3,000 locations serving small businesses in almost every state. While there are 

concentrations of women-owned businesses in certain geographic areas, those concentrations mostly follow the general 

population distribution.

Across industry sectors, there are certain concentrations of women-owned businesses. According to the 2007 SBO, 

women-owned businesses accounted for:

 52.0% of all businesses in health care and social assistance;

 45.9% of all businesses in educational services;

 37.0% of all businesses in administration and support and waste management and remediation services;

 34.4% of all businesses in retail trade; and

 30.4% of all businesses in arts, entertainment, and recreation.

Loans made to the substantial majority of small businesses in the sectors listed above may be eligible for inclusion in the 

‘commercial and industrial loan’ category under the Act’s definition of small business lending.

According to the 2007 SBO, the top five concentrations of women-owned businesses – 67.9 percent of 7.8 million firms –

include the following sectors:

 16.1 % in repair and maintenance, and personal laundry services;

 15.8% in health care and social assistance;

 14.1% in professional, scientific, and technical services;

 11.8% in retail trade; and

 10.1% in administrative and support and waste management and remediation services.
23

Analysis 5.2(a): Potential Increase in Small Business Lending to Women-Owned Businesses in Each State

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners #

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 332 3,053 $9,259.8 27,258,564 7,798,928 28.1% $2,600.7

Midwest Region 8 9 971 $2,100.0 5,548,272 1,551,308 27.4% $575.3

Illinois 2 1 251 $435.6 1,123,817 343,117 30.5% $132.8

Indiana 6 214 $240.3 482,847 129,559 26.8% $64.4

Iowa 4 7 8 $192.9 259,931 66,270 25.5% $49.2

Kansas 9 6 0 $90.4 237,040 65,235 27.5% $24.9

Michigan 5 2 7 $168.5 816,972 248,426 30.4% $51.2

Minnesota 9 4 6 $189.5 496,657 133,172 26.8% $50.8

Missouri 7 148 $245.7 501,064 130,741 26.1% $64.1

Nebraska 5 3 9 $62.4 159,665 41,004 25.7% $16.0

North Dakota 2 2 7 $140.0 61,546 15,239 24.7% $34.6

Ohio 5 1 6 $71.4 897,939 249,062 27.7% $19.8

South Dakota 5 1 0 $19.6 76,997 17,081 22.1% $4.3

Wisconsin 1 1 5 5 $243.9 433,797 112,402 25.9% $63.2

Northeast Region 6 9 481 $1,197.7 5,112,551 1,465,633 28.0% $335.4

Connecticut 4 1 9 $43.9 332,150 93,487 28.1% $12.3

Maine 2 2 0 $48.0 150,389 38,495 25.6% $12.3

Massachusetts 1 2 5 6 $197.8 596,790 178,172 29.8% $58.9

New Hampshire 6 7 1 $159.2 137,815 35,620 25.8% $41.1

New Jersey 1 0 8 1 $167.5 781,622 213,418 27.3% $45.7

New York 1 2 6 8 $240.5 1,956,733 594,421 30.4% $73.1

Pennsylvania 2 2 155 $335.5 981,501 265,132 27.0% $90.6

Rhode Island 0 0 $0.0 96,822 26,431 27.3% $0.0

Vermont 1 1 1 $5.3 78,729 20,457 26.0% $1.4

South Region 121 1,155 $4,278.3 10,092,204 2,873,380 28.1% $1,203.1

Alabama 5 5 9 $321.1 382,350 107,499 28.1% $90.2

Arkansas 5 8 9 $211.7 238,994 58,588 24.5% $51.9

Delaware 1 2 $15.0 74,573 19,435 25.9% $3.9

Florida 1 7 105 $388.1 2,009,589 581,045 28.9% $112.2

Georgia 4 1 5 $41.0 901,105 278,287 30.9% $12.7

Kentucky 5 2 4 $59.4 337,600 86,444 25.6% $15.2

Louisiana 7 122 $569.3 375,808 102,790 27.3% $155.4

Maryland 5 4 3 $216.0 528,112 172,241 32.6% $70.4

Mississippi 1 2 1 $36.5 225,977 60,869 26.9% $9.8

North Carolina 9 141 $186.6 798,791 225,522 28.2% $52.6

Oklahoma 8 4 7 $226.7 333,797 84,399 25.3% $57.4

South Carolina 5 2 5 $75.1 360,397 99,454 27.6% $20.7

Tennessee 1 4 100 $284.4 545,348 141,379 25.9% $73.7

Texas 2 2 272 $1,202.2 2,164,852 610,162 28.2% $339.0

Virginia 8 7 3 $332.3 638,643 192,194 30.1% $100.0

District of Columbia 3 1 1 $99.0 55,887 19,286 34.5% $34.2

West Virginia 2 6 $14.0 120,381 33,786 28.0% $3.9

West Region 5 3 446 $1,683.8 6,505,537 1,908,607 28.9% $486.9

Alaska 0 0 $0.0 68,728 17,822 25.9% $0.0

Arizona 0 3 3 $89.1 491,529 138,121 28.1% $25.0

California 3 0 186 $822.0 3,425,510 1,039,484 30.3% $249.1

Colorado 7 4 2 $165.0 547,770 160,080 29.2% $48.2

Hawaii 0 0 $0.0 120,374 37,373 31.0% $0.0

Idaho 1 3 6 $69.9 151,671 35,602 23.5% $16.4

Montana 2 1 1 $26.3 114,398 28,128 24.6% $6.5

Nevada 3 3 2 $117.5 221,260 63,379 28.6% $33.6

New Mexico 0 1 8 $40.6 157,231 49,889 31.7% $12.9

Oregon 0 2 $3.3 348,154 103,617 29.7% $1.0

Utah 4 9 $142.5 246,393 61,467 24.9% $35.5

Washington 5 7 3 $187.7 551,340 158,036 28.6% $53.7

Wyoming 1 4 $20.0 61,179 15,609 25.5% $5.1

Potential 

Lending 

Increase

(millions)

Total 

Businesses

#

Women-Owned Businesses

Number of 

Participating 

Institutions

#

Locations of 

Participating 

Institutions

#
24

SECTION 5.2(b): VETERAN-OWNED BUSINESSES 

Nationwide, the investments made through the SBLF could spur a potential $863 million increase in lending to veteranowned businesses through the community banks and CDLFs in their local communities.

Map 5.2(b): Number of Veteran-Owned Businesses in Each State Overlaid with SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business 

Owners

The following details findings on veteran-owned businesses released on May 17, 2011 based on the data collected in the

Census Bureau’s most recent Survey of Business Owners (2007 SBO):

 There were 2.4 million veteran-owned businesses, which accounted for 9.0% of all businesses in the United States. 

These businesses generated $1.2 trillion in receipts.

 79.9% of these businesses were non-employer firms, with average receipts of $47,931.

 20.1% of these businesses had employees and average receipts of $2.3 million.

 Approximately, 5.8 million people worked for the 491,344 veteran-owned businesses with employees. The total 

payroll for these employees was $210.0 billion.

The Act defines small business lending as certain loans7up to $10 million to businesses with up to $50 million in annual 

sales. The substantial majority of veteran-owned businesses (95.2 percent) report less than $1 million in annual sales. Even 

the top 4.8 percent of these businesses average $8.7 million in annual receipts, well under the $50 million threshold for 

qualified small business lending under the SBLF program.

 

7

These loans are defined to include: (i) commercial and industrial loans, (ii) nonfarm, nonresidential real estate loans, (iii) loans to finance agricultural 

production, and (iv) loans secured by farmland.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
25

With respect to the data on veteran-owned businesses, the 2007 SBO states that, “veteran-owned businesses make a 

valuable contribution to our economy, but until now, we did not have a benchmark that measured their role. This is the 

first time that we can estimate the total number of veteran-owned businesses.” (U.S. Census Bureau, Press Release, May 

17, 2011).

Across industry sectors, there are certain concentrations of veteran-owned businesses. According to the 2007 SBO, veteran 

owned businesses accounted for:

 13.2% of all businesses in finance and insurance;

 12.7% of all businesses in transportation and warehousing;

 12.4% of all businesses in mining, quarrying, and oil and gas extraction;

 11.1% of all businesses in construction; and

 10.9% of all businesses in professional, scientific, and technical services.

Loans made to the substantial majority of small businesses in the sectors listed above may be eligible for inclusion in the 

‘commercial and industrial loan’ category under the Act’s definition of small business lending.

According to the 2007 SBO, the top five concentrations of veteran-owned businesses – 59.3 percent of 2.4 million firms –

include the following sectors:

 16.9% in professional, scientific, and technical services;

 15.5% in construction;

 9.9% in repair and maintenance, and personal and laundry services;

 8.9% in real estate and rental and leasing; and

 8.1% in retail trade.
26

Analysis 5.2(b): Potential Increase in Small Business Lending to Veteran-Owned Businesses in Each State

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners

#

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 332 3,053 $9,259.8 27,258,564 2,456,925 9.3% $863.4

Midwest Region 8 9 971 $2,100.0 5,548,272 489,725 8.9% $186.6

Illinois 2 1 251 $435.6 1,123,817 80,612 7.2% $31.4

Indiana 6 214 $240.3 482,847 46,772 9.7% $23.3

Iowa 4 7 8 $192.9 259,931 23,867 9.2% $17.7

Kansas 9 6 0 $90.4 237,040 22,898 9.7% $8.8

Michigan 5 2 7 $168.5 816,972 66,739 8.2% $13.8

Minnesota 9 4 6 $189.5 496,657 43,484 8.8% $16.7

Missouri 7 148 $245.7 501,064 48,103 9.6% $23.6

Nebraska 5 3 9 $62.4 159,665 15,933 10.0% $6.2

North Dakota 2 2 7 $140.0 61,546 6,136 10.0% $14.0

Ohio 5 1 6 $71.4 897,939 88,569 9.9% $7.1

South Dakota 5 1 0 $19.6 76,997 7,302 9.5% $1.9

Wisconsin 1 1 5 5 $243.9 433,797 39,310 9.1% $22.2

Northeast Region 6 9 481 $1,197.7 5,112,551 417,466 8.8% $105.1

Connecticut 4 1 9 $43.9 332,150 31,366 9.4% $4.1

Maine 2 2 0 $48.0 150,389 15,946 10.6% $5.1

Massachusetts 1 2 5 6 $197.8 596,790 53,299 8.9% $17.6

New Hampshire 6 7 1 $159.2 137,815 13,921 10.1% $16.1

New Jersey 1 0 8 1 $167.5 781,622 61,767 7.9% $13.2

New York 1 2 6 8 $240.5 1,956,733 127,156 6.5% $15.6

Pennsylvania 2 2 155 $335.5 981,501 96,066 9.8% $32.9

Rhode Island 0 0 $0.0 96,822 10,713 11.1% $0.0

Vermont 1 1 1 $5.3 78,729 7,232 9.2% $0.5

South Region 121 1,155 $4,278.3 10,092,204 1,029,957 10.2% $437.5

Alabama 5 5 9 $321.1 382,350 45,085 11.8% $37.9

Arkansas 5 8 9 $211.7 238,994 24,847 10.4% $22.0

Delaware 1 2 $15.0 74,573 7,616 10.2% $1.5

Florida 1 7 105 $388.1 2,009,589 176,727 8.8% $34.1

Georgia 4 1 5 $41.0 901,105 97,692 10.8% $4.4

Kentucky 5 2 4 $59.4 337,600 31,468 9.3% $5.5

Louisiana 7 122 $569.3 375,808 38,286 10.2% $58.1

Maryland 5 4 3 $216.0 528,112 54,042 10.2% $22.0

Mississippi 1 2 1 $36.5 225,977 26,125 11.6% $4.2

North Carolina 9 141 $186.6 798,791 84,350 10.6% $19.8

Oklahoma 8 4 7 $226.7 333,797 34,738 10.4% $23.6

South Carolina 5 2 5 $75.1 360,397 46,445 12.9% $9.7

Tennessee 1 4 100 $284.4 545,348 64,657 11.9% $33.8

Texas 2 2 272 $1,202.2 2,164,852 199,476 9.2% $110.6

Virginia 8 7 3 $332.3 638,643 79,248 12.4% $41.2

District of Columbia 3 1 1 $99.0 55,887 4,040 7.2% $7.1

West Virginia 2 6 $14.0 120,381 15,115 12.6% $1.8

West Region 5 3 446 $1,683.8 6,505,537 519,777 8.0% $134.2

Alaska 0 0 $0.0 68,728 7,155 10.4% $0.0

Arizona 0 3 3 $89.1 491,529 48,039 9.8% $8.7

California 3 0 186 $822.0 3,425,510 239,422 7.0% $57.5

Colorado 7 4 2 $165.0 547,770 48,833 8.9% $14.7

Hawaii 0 0 $0.0 120,374 10,288 8.5% $0.0

Idaho 1 3 6 $69.9 151,671 11,808 7.8% $5.5

Montana 2 1 1 $26.3 114,398 12,141 10.6% $2.8

Nevada 3 3 2 $117.5 221,260 23,656 10.7% $12.6

New Mexico 0 1 8 $40.6 157,231 15,157 9.6% $3.9

Oregon 0 2 $3.3 348,154 32,445 9.3% $0.3

Utah 4 9 $142.5 246,393 17,716 7.2% $10.3

Washington 5 7 3 $187.7 551,340 48,077 8.7% $16.3

Wyoming 1 4 $20.0 61,179 5,040 8.2% $1.6

Total 

Businesses

#

Veteran-Owned Businesses

Number of 

Participating 

Institutions

#

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase

(millions)
27

SECTION 5.2(c): HISPANIC-OWNED BUSINESSES 

Nationwide, the investments made through the SBLF could spur a potential $700 million increase in lending to Hispanicowned businesses through the community banks and CDLFs in their local communities.

Map 5.2(c): Percentage Growth of Hispanic-Owned Businesses in Each State Overlaid with SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business 

Owners

The following details findings on Hispanic-owned businesses released on September 21, 2010 based on the data collected in 

the Census Bureau’s most recent Survey of Business Owners (2007 SBO):

 There were 2.3 million Hispanic-owned businesses, which accounted for 8.3% of all businesses in the United States. 

These businesses generated $345.2 billion in receipts.

 From 2002 to 2007, the number of Hispanic-owned businesses grew by 43.7%.

 89.0% of these businesses were non-employer firms, with average receipts of $33,321

 11.0% of these businesses had employees and average receipts of $1.1 million.

 Approximately, 1.9 million people worked for the 249,168 Hispanic-owned businesses with employees. The total 

payroll for these employees was $54.6 billion.

The Act defines small business lending as certain loans8up to $10 million to businesses with up to $50 million in annual 

sales. The substantial majority of Hispanic-owned businesses (98.1 percent) report less than $1 million in annual sales. 

Even the top 1.9 percent of these businesses average $5.2 million in annual receipts, well under the $50 million threshold 

for qualified small business lending under the SBLF program.

 

8

These loans are defined to include: (i) commercial and industrial loans, (ii) nonfarm, nonresidential real estate loans, (iii) loans to finance agricultural 

production, and (iv) loans secured by farmland.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
28

Across industry sectors, there are certain concentrations of Hispanic-owned businesses. According to the 2007 SBO, 

Hispanic-owned businesses accounted for:

 16.0% of all businesses in transportation and warehousing;

 14.8% of all businesses in administration and support and waste management and remediation services;

 10.0% of all businesses in construction; and

 9.9% of all businesses in health care and social assistance.

Loans made to the substantial majority of small businesses in the sectors listed above may be eligible for inclusion in the 

‘commercial and industrial loan’ category under the Act’s definition of small business lending.

According to the 2007 SBO, the top five concentrations of Hispanic-owned businesses – 63.2 percent of 2.3 million firms –

include the following sectors:

 15.1% in construction;

 14.9% in repair and maintenance, and personal and laundry services;

 13.9% in administrative and support and waste management and remediation services;

 10.4% in health care and social assistance; and

 8.9% in transportation and warehousing.
29

Analysis 5.2(c): Potential Increase in Small Business Lending to Hispanic-Owned Businesses in Each State

Sources: U.S. Treasury – September 28,2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners

#

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 332 3,053 $9,259.8 27,258,564 2,259,375 7.6% $699.5

Midwest Region 8 9 971 $2,100.0 5,548,272 114,592 2.0% $43.0

Illinois 2 1 251 $435.6 1,123,817 56,552 5.0% $21.8

Indiana 6 214 $240.3 482,847 8,567 1.8% $4.3

Iowa 4 7 8 $192.9 259,931 2,455 0.9% $1.7

Kansas 9 6 0 $90.4 237,040 5,775 2.4% $2.2

Michigan 5 2 7 $168.5 816,972 10,763 1.3% $2.2

Minnesota 9 4 6 $189.5 496,657 5,011 1.0% $1.9

Missouri 7 148 $245.7 501,064 6,177 1.2% $2.9

Nebraska 5 3 9 $62.4 159,665 3,060 1.9% $1.2

North Dakota 2 2 7 $140.0 61,546 286 0.5% $0.7

Ohio 5 1 6 $71.4 897,939 9,726 1.1% $0.8

South Dakota 5 1 0 $19.6 76,997 595 0.8% $0.2

Wisconsin 1 1 5 5 $243.9 433,797 5,625 1.3% $3.2

Northeast Region 6 9 481 $1,197.7 5,112,551 326,535 4.7% $56.4

Connecticut 4 1 9 $43.9 332,150 14,049 4.2% $1.8

Maine 2 2 0 $48.0 150,389 979 0.7% $0.3

Massachusetts 1 2 5 6 $197.8 596,790 19,411 3.3% $6.5

New Hampshire 6 7 1 $159.2 137,815 1,440 1.0% $1.6

New Jersey 1 0 8 1 $167.5 781,622 68,377 8.7% $14.6

New York 1 2 6 8 $240.5 1,956,733 193,248 9.9% $23.8

Pennsylvania 2 2 155 $335.5 981,501 22,797 2.3% $7.7

Rhode Island 0 0 $0.0 96,822 5,764 5.9% $0.0

Vermont 1 1 1 $5.3 78,729 470 0.6% $0.0

South Region 121 1,155 $4,278.3 10,092,204 1,060,582 9.6% $411.5

Alabama 5 5 9 $321.1 382,350 4,443 1.2% $3.9

Arkansas 5 8 9 $211.7 238,994 5,436 2.3% $4.9

Delaware 1 2 $15.0 74,573 1,535 2.0% $0.3

Florida 1 7 105 $388.1 2,009,589 450,185 22.4% $86.9

Georgia 4 1 5 $41.0 901,105 32,575 3.6% $1.5

Kentucky 5 2 4 $59.4 337,600 3,679 1.1% $0.7

Louisiana 7 122 $569.3 375,808 11,088 2.9% $16.5

Maryland 5 4 3 $216.0 528,112 25,742 4.9% $10.6

Mississippi 1 2 1 $36.5 225,977 1,830 0.8% $0.3

North Carolina 9 141 $186.6 798,791 21,297 2.7% $5.0

Oklahoma 8 4 7 $226.7 333,797 7,692 2.3% $5.2

South Carolina 5 2 5 $75.1 360,397 5,963 1.7% $1.3

Tennessee 1 4 100 $284.4 545,348 8,728 1.6% $4.6

Texas 2 2 272 $1,202.2 2,164,852 447,486 20.7% $248.9

Virginia 8 7 3 $332.3 638,643 28,580 4.5% $15.0

District of Columbia 3 1 1 $99.0 55,887 3,427 6.1% $6.0

West Virginia 2 6 $14.0 120,381 896 0.7% $0.1

West Region 5 3 446 $1,683.8 6,505,537 757,666 11.2% $188.5

Alaska 0 0 $0.0 68,728 NA 0.0% $0.0

Arizona 0 3 3 $89.1 491,529 52,667 10.7% $9.5

California 3 0 186 $822.0 3,425,510 566,567 16.5% $135.6

Colorado 7 4 2 $165.0 547,770 33,762 6.2% $10.2

Hawaii 0 0 $0.0 120,374 4,384 3.6% $0.0

Idaho 1 3 6 $69.9 151,671 3,874 2.6% $1.8

Montana 2 1 1 $26.3 114,398 1,131 1.0% $0.3

Nevada 3 3 2 $117.5 221,260 18,029 8.1% $9.5

New Mexico 0 1 8 $40.6 157,231 37,155 23.6% $9.6

Oregon 0 2 $3.3 348,154 11,339 3.3% $0.1

Utah 4 9 $142.5 246,393 9,220 3.7% $5.3

Washington 5 7 3 $187.7 551,340 17,809 3.2% $6.0

Wyoming 1 4 $20.0 61,179 1,729 2.8% $0.6

Number of 

Participating 

Institutions

#

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase

(millions)

Total 

Businesses

#

Hispanic-Owned Businesses
30

SECTION 5.2(d): BLACK-OWNED BUSINESSES 

Nationwide, the investments made through the SBLF could spur a potential $657 million increase in lending to Black-owned 

businesses through the community banks and CDLFs in their local communities.

Map 5.2(d): Percent of Black-Owned Businesses in Each State Overlaid with SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business 

Owners

The following details findings on Black-owned businesses released on February 8, 2011 based on the data collected in the 

Census Bureau’s most recent Survey of Business Owners (SBO):

 In 2007, there were 1.9 million Black-owned businesses, which accounted for 7.0% of all businesses in the United 

States. These businesses generated $137.5 billion in receipts.

 From 2002 to 2007, the number of Black-owned businesses grew by 60.5%.

 94.4% of these businesses were non-employer firms, with average receipts of $21,263.

 5.6% of these businesses had employees and average receipts of $925,427.

 Approximately, 921,032 people worked for the 106,824 Black-owned businesses with employees. The total payroll 

for these employees was $23.9 billion.

The Act defines small business lending as certain loans9up to $10 million to businesses with up to $50 million in annual 

sales. The substantial majority of Black-owned businesses (99.3 percent) report less than $1 million in annual sales. Even 

the top 0.7 percent of these businesses average $5.4 million in annual receipts, well under the $50 million threshold for 

qualified small business lending under the SBLF program.

 

9

These loans are defined to include: (i) commercial and industrial loans, (ii) nonfarm, nonresidential real estate loans, (iii) loans to finance agricultural 

production, and (iv) loans secured by farmland.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
31

With respect to the data on Black-owned businesses, the 2007 SBO states that, “black-owned businesses continued to be 

one of the fastest growing segments of our economy, showing rapid growth in both the number of businesses and total 

sales during this time period,” (U.S. Census Bureau, Press Release, February 8, 2011).

Across industry sectors, there are certain concentrations of Black-owned businesses. According to the 2007 SBO, Blackowned businesses accounted for:

 15.4% of all businesses in health care and social assistance;

 13.4% of all businesses in transportation and warehousing;

 10.2% of all businesses in administrative and support and waste management and remediation services; and

 7.9% of all businesses in educational services.

Loans made to the substantial majority of small businesses in the sectors listed above may be eligible for inclusion in the 

‘commercial and industrial loan’ category under the Act’s definition of small business lending.

According to the 2007 SBO, the top five concentrations of Black-owned businesses – 66.2 percent of 1.9 million firms –

include the following sectors:

 19.0 % in health care and social assistance;

 18.6% in repair and maintenance, and personal and laundry services;

 11.3% in administrative and support and waste management and remediation services;

 8.8% in transportation and warehousing; and

 8.5% in professional, scientific, and technical services.
32

Analysis 5.2(d): Potential Increase in Small Business Lending to Black-Owned Businesses in Each State

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners

#

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 332 3,053 $9,259.8 27,258,564 1,909,946 7.1% $656.7

Midwest Region 8 9 971 $2,100.0 5,548,272 312,903 4.8% $100.0

Illinois 2 1 251 $435.6 1,123,817 106,663 9.5% $41.4

Indiana 6 214 $240.3 482,847 22,072 4.6% $11.1

Iowa 4 7 8 $192.9 259,931 2,190 0.8% $1.5

Kansas 9 6 0 $90.4 237,040 5,647 2.4% $2.2

Michigan 5 2 7 $168.5 816,972 72,561 8.9% $15.0

Minnesota 9 4 6 $189.5 496,657 12,454 2.5% $4.7

Missouri 7 148 $245.7 501,064 24,684 4.9% $12.0

Nebraska 5 3 9 $62.4 159,665 2,857 1.8% $1.1

North Dakota 2 2 7 $140.0 61,546 163 0.3% $0.4

Ohio 5 1 6 $71.4 897,939 52,122 5.8% $4.1

South Dakota 5 1 0 $19.6 76,997 207 0.3% $0.1

Wisconsin 1 1 5 5 $243.9 433,797 11,283 2.6% $6.3

Northeast Region 6 9 481 $1,197.7 5,112,551 349,062 5.3% $63.0

Connecticut 4 1 9 $43.9 332,150 14,679 4.4% $1.9

Maine 2 2 0 $48.0 150,389 743 0.5% $0.2

Massachusetts 1 2 5 6 $197.8 596,790 20,589 3.4% $6.7

New Hampshire 6 7 1 $159.2 137,815 750 0.5% $0.8

New Jersey 1 0 8 1 $167.5 781,622 60,336 7.7% $12.9

New York 1 2 6 8 $240.5 1,956,733 204,032 10.4% $25.0

Pennsylvania 2 2 155 $335.5 981,501 44,717 4.6% $15.4

Rhode Island 0 0 $0.0 96,822 3,216 3.3% $0.0

Vermont 1 1 1 $5.3 78,729 NA 0.0% $0.0

South Region 121 1,155 $4,278.3 10,092,204 1,072,173 10.5% $450.2

Alabama 5 5 9 $321.1 382,350 56,714 14.8% $47.5

Arkansas 5 8 9 $211.7 238,994 13,240 5.5% $11.6

Delaware 1 2 $15.0 74,573 6,513 8.7% $1.3

Florida 1 7 105 $388.1 2,009,589 181,437 9.0% $34.9

Georgia 4 1 5 $41.0 901,105 183,874 20.4% $8.4

Kentucky 5 2 4 $59.4 337,600 10,401 3.1% $1.8

Louisiana 7 122 $569.3 375,808 59,906 15.9% $90.5

Maryland 5 4 3 $216.0 528,112 102,135 19.3% $41.7

Mississippi 1 2 1 $36.5 225,977 40,613 18.0% $6.6

North Carolina 9 141 $186.6 798,791 83,900 10.5% $19.6

Oklahoma 8 4 7 $226.7 333,797 10,455 3.1% $7.0

South Carolina 5 2 5 $75.1 360,397 43,789 12.1% $9.1

Tennessee 1 4 100 $284.4 545,348 45,765 8.4% $23.9

Texas 2 2 272 $1,202.2 2,164,852 154,281 7.1% $85.4

Virginia 8 7 3 $332.3 638,643 63,376 9.9% $32.9

District of Columbia 3 1 1 $99.0 55,887 15,774 28.2% $27.9

West Virginia 2 6 $14.0 120,381 NA 0.0% $0.0

West Region 5 3 446 $1,683.8 6,505,537 175,808 2.6% $43.5

Alaska 0 0 $0.0 68,728 1,048 1.5% $0.0

Arizona 0 3 3 $89.1 491,529 10,073 2.0% $1.8

California 3 0 186 $822.0 3,425,510 137,932 4.0% $32.9

Colorado 7 4 2 $165.0 547,770 9,174 1.7% $2.8

Hawaii 0 0 $0.0 120,374 1,067 0.9% $0.0

Idaho 1 3 6 $69.9 151,671 358 0.2% $0.1

Montana 2 1 1 $26.3 114,398 231 0.2% $0.1

Nevada 3 3 2 $117.5 221,260 8,671 3.9% $4.6

New Mexico 0 1 8 $40.6 157,231 1,944 1.2% $0.5

Oregon 0 2 $3.3 348,154 4,042 1.2% $0.0

Utah 4 9 $142.5 246,393 1,144 0.5% $0.7

Washington 5 7 3 $187.7 551,340 NA 0.0% $0.0

Wyoming 1 4 $20.0 61,179 124 0.2% $0.0

Number of 

Participating 

Institutions

#

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase

(millions)

Total 

Businesses

#

Black-Owned Businesses
33

SECTION 5.2(e): AMERICAN INDIAN- AND ALASKA NATIVE-OWNED BUSINESSES 

Nationwide, the investments made through the SBLF could spur a potential $84 million increase in lending to American 

Indian- and Alaska Native-owned (AI & AN-owned) businesses through the community banks and CDLFs in their local 

communities.

Map 5.2(e): Percent of American Indian- and Alaska Native-Owned Businesses in 

Each State and SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business 

Owners

The following details findings on AI & AN-owned businesses released on March 15, 2011 based on the Census Bureau’s 

most recent Survey of Business Owners (2007 SBO):

 There were 236,967 AI & AN-owned businesses, which accounted for 0.9% of all businesses in the United States. 

These businesses generated $34.4 billion in receipts.

 From 2002 to 2007, the number of AI & AN-owned businesses grew by 17.7%.

 90.0% of these businesses were non-employer firms, with average receipts of $32,227.

 10.0% of these businesses had employees and average receipts of $1.2 million.

 Approximately, 184,416 people worked for the 23,704 AI & AN-owned businesses with employees. The total 

payroll for these employees was $5.9 billion.

The Act defines small business lending as certain loans10 up to $10 million to businesses with up to $50 million in annual 

sales. The substantial majority of AI & AN-owned businesses (98.1 percent) report less than $1 million in annual sales. Even 

 

10 These loans are defined to include: (i) commercial and industrial loans, (ii) nonfarm, nonresidential real estate loans, (iii) loans to finance agricultural 

production, and (iv) loans secured by farmland.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
34

the top 1.9 percent of these businesses average $5.0 million in annual receipts, well under the $50 million threshold for 

qualified small business lending under the SBLF program.

Across industry sectors, there are certain concentrations of AI & AN-owned businesses. According to the 2007 SBO, AI & 

AN-owned businesses accounted for:

 1.9% of all businesses in agriculture, forestry, fishing and hunting; and

 1.1% of all businesses in construction.

Loans made to the substantial majority of small businesses in the sectors listed above may be eligible for inclusion in the 

‘commercial and industrial loan’ category under the Act’s definition of small business lending.

According to the 2007 SBO, the top five concentrations of AI & AN-owned businesses – 60.8 percent of 236,967 firms –

include the following sectors:

 15.9% in construction;

 14.6% in repair and maintenance, and personal laundry services;

 10.6% in health care and social assistance;

 10.1% in professional, scientific, and technical services; and

 9.6% in administrative and support and waste management and remediation services.
35

Analysis 5.2(e): Potential Increase in Small Business Lending to American Indian- and Alaska Native-Owned Businesses

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners

#

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 332 3,053 $9,259.8 27,258,564 236,200 0.9% $83.5

Midwest Region 8 9 971 $2,100.0 5,548,272 31,410 0.6% $13.0

Illinois 2 1 251 $435.6 1,123,817 5,467 0.5% $2.2

Indiana 6 214 $240.3 482,847 2,210 0.5% $1.2

Iowa 4 7 8 $192.9 259,931 604 0.2% $0.4

Kansas 9 6 0 $90.4 237,040 2,228 0.9% $0.8

Michigan 5 2 7 $168.5 816,972 6,079 0.7% $1.2

Minnesota 9 4 6 $189.5 496,657 2,890 0.6% $1.1

Missouri 7 148 $245.7 501,064 2,895 0.6% $1.5

Nebraska 5 3 9 $62.4 159,665 690 0.4% $0.2

North Dakota 2 2 7 $140.0 61,546 988 1.6% $2.2

Ohio 5 1 6 $71.4 897,939 2,989 0.3% $0.2

South Dakota 5 1 0 $19.6 76,997 1,729 2.2% $0.4

Wisconsin 1 1 5 5 $243.9 433,797 2,641 0.6% $1.5

Northeast Region 6 9 481 $1,197.7 5,112,551 24,829 0.4% $5.3

Connecticut 4 1 9 $43.9 332,150 1,626 0.5% $0.2

Maine 2 2 0 $48.0 150,389 714 0.5% $0.2

Massachusetts 1 2 5 6 $197.8 596,790 2,294 0.4% $0.8

New Hampshire 6 7 1 $159.2 137,815 533 0.4% $0.6

New Jersey 1 0 8 1 $167.5 781,622 2,883 0.4% $0.7

New York 1 2 6 8 $240.5 1,956,733 13,113 0.7% $1.7

Pennsylvania 2 2 155 $335.5 981,501 2,862 0.3% $1.0

Rhode Island 0 0 $0.0 96,822 394 0.4% $0.0

Vermont 1 1 1 $5.3 78,729 410 0.5% $0.0

South Region 121 1,155 $4,278.3 10,092,204 85,693 1.0% $44.0

Alabama 5 5 9 $321.1 382,350 3,068 0.8% $2.6

Arkansas 5 8 9 $211.7 238,994 2,650 1.1% $2.3

Delaware 1 2 $15.0 74,573 NA 0.0% $0.0

Florida 1 7 105 $388.1 2,009,589 9,747 0.5% $1.9

Georgia 4 1 5 $41.0 901,105 5,979 0.7% $0.3

Kentucky 5 2 4 $59.4 337,600 1,015 0.3% $0.2

Louisiana 7 122 $569.3 375,808 2,682 0.7% $4.0

Maryland 5 4 3 $216.0 528,112 3,302 0.6% $1.3

Mississippi 1 2 1 $36.5 225,977 727 0.3% $0.1

North Carolina 9 141 $186.6 798,791 8,053 1.0% $1.9

Oklahoma 8 4 7 $226.7 333,797 21,194 6.3% $14.3

South Carolina 5 2 5 $75.1 360,397 1,651 0.5% $0.4

Tennessee 1 4 100 $284.4 545,348 2,708 0.5% $1.4

Texas 2 2 272 $1,202.2 2,164,852 19,057 0.9% $10.8

Virginia 8 7 3 $332.3 638,643 3,353 0.5% $1.7

District of Columbia 3 1 1 $99.0 55,887 507 0.9% $0.9

West Virginia 2 6 $14.0 120,381 NA 0.0% $0.0

West Region 5 3 446 $1,683.8 6,505,537 94,268 1.3% $21.3

Alaska 0 0 $0.0 68,728 6,852 10.0% $0.0

Arizona 0 3 3 $89.1 491,529 9,108 1.9% $1.7

California 3 0 186 $822.0 3,425,510 45,629 1.3% $10.7

Colorado 7 4 2 $165.0 547,770 4,618 0.8% $1.3

Hawaii 0 0 $0.0 120,374 1,555 1.3% $0.0

Idaho 1 3 6 $69.9 151,671 1,348 0.9% $0.6

Montana 2 1 1 $26.3 114,398 2,343 2.0% $0.5

Nevada 3 3 2 $117.5 221,260 1,776 0.8% $0.9

New Mexico 0 1 8 $40.6 157,231 8,313 5.3% $2.2

Oregon 0 2 $3.3 348,154 4,263 1.2% $0.0

Utah 4 9 $142.5 246,393 1,462 0.6% $0.9

Washington 5 7 3 $187.7 551,340 6,532 1.2% $2.3

Wyoming 1 4 $20.0 61,179 469 0.8% $0.2

Potential 

Lending 

Increase

(millions)

Total 

Businesses

#

American Indian & Alaska Native-Owned 

Businesses

Number of 

Participating 

Institutions

#

Locations of 

Participating 

Institutions

#
36

SECTION 5.2(f): NATIVE HAWAIIAN- AND OTHER PACIFIC ISLANDER-OWNED BUSINESSES 

Nationwide, the investments made through the SBLF could spur a potential $8.5 million increase in lending to Native 

Hawaiian- and Other Pacific Islander-owned (NH & OPI-owned) businesses through the community banks and CDLFs in their 

local communities.

Hawaii (30.0 percent) and California (24.4 percent) are home to over 54 percent of all NH & OPI-owned businesses. 

Because Hawaii-based community banks and CDLFs did not apply to participate in the SBLF, the data presented in this 

section provides more detail on counties in California where NH & OPI-owned businesses are most concentrated. 

Map 5.2(f): Percent of Native Hawaiian- and Other Pacific Islander-Owned Businesses in 

Select California Counties and SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business 

Owners

The following details findings on NH & OPI-owned businesses released on April 5, 2011 based on the data collected in the

Census Bureau’s most recent Survey of Business Owners (2007 SBO):

 There were 37,957 NH & OPI-owned businesses, which accounted for 0.1% of all businesses in the United States. 

These businesses generated $6.5 billion in receipts.

 From 2002 to 2007, the number of NH & OPI-owned businesses grew by 31.1%.

 89.0% of these businesses were non-employer firms, with average receipts of $31,991.

 11.0% of these businesses had employees and average receipts of $1.3 million.

 Approximately, 38,750 million people worked for the 4,172 NH & OPI-owned businesses with employees. The 

total payroll for these employees was $1.3 billion.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
37

The Act defines small business lending as certain loans11 up to $10 million to businesses with up to $50 million in annual 

sales. The substantial majority of NH & OPI-owned businesses (97.7 percent) report less than $1 million in annual sales. 

Even the top 2.3 percent of these businesses average $5.0 million in annual receipts, well under the $50 million threshold 

for qualified small business lending under the SBLF program.

The data from the 2007 SBO indicates that, “businesses owned by Native Hawaiians and Other Pacific Islanders continue to 

grow both in number and in sales at rates that are faster than national rates for all businesses.” (U.S. Census Bureau, Press 

Release, April 5, 2011). 

According to the 2007 SBO, the top five concentrations of NH & OPI-owned businesses – 56.8 percent of 37,957 firms –

include the following sectors:

 14.0% in repair and maintenance, and personal and laundry services;

 13.1% in construction;

 10.3% in retail trade;

 9.8% in health care and social assistance; and

 9.6% in professional, scientific, and technical services.

Loans made to the substantial majority of small businesses in the sectors listed above may be eligible for inclusion in the 

‘commercial and industrial loan’ category under the Act’s definition of small business lending.

 

11 These loans are defined to include: (i) commercial and industrial loans, (ii) nonfarm, nonresidential real estate loans, (iii) loans to finance agricultural 

production, and (iv) loans secured by farmland.
38

SECTION 5.2(g): ASIAN-OWNED BUSINESSES 

Nationwide, the investments made through the SBLF could spur a potential $437 million increase in lending to Asian-owned 

businesses through the community banks and CDLFs in their local communities.

Map 5.2(g): Percent of Asian-Owned Businesses in Each State and SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business 

Owners

The following details findings on Asian-owned businesses released on April 28, 2011 based on the data collected in the 

Census Bureau’s most recent Survey of Business Owners (2007 SBO):

 There were 1.5 million Asian-owned businesses, which accounted for 5.7% of all businesses in the United States. 

These businesses generated $507.6 billion in receipts.

 From 2002 to 2007, the number of Asian-owned businesses grew by 40.4%.

 74.4% of these businesses were non-employer firms, with average receipts of $45,543.

 25.6% of these businesses had employees and average receipts of $1.1 million.

 Approximately, 2.8 million people worked for the 397,484 Asian-owned businesses with employees. The total 

payroll for these employees was $79.6 billion.

The Act defines small business lending as certain loans12 up to $10 million to businesses with up to $50 million in annual 

sales. The substantial majority of Asian-owned businesses (95.0 percent) report less than $1 million in annual sales. Even 

the top 5.0 percent of these businesses average $4.7 million in annual receipts, well under the $50 million threshold for 

qualified small business lending under the SBLF program.

 

12 These loans are defined to include: (i) commercial and industrial loans, (ii) nonfarm, nonresidential real estate loans, (iii) loans to finance agricultural 

production, and (iv) loans secured by farmland.

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
39

Across industry sectors, there are certain concentrations of Asian-owned businesses. According to the 2007 SBO, Asian 

owned businesses accounted for:

 17.2% of all businesses in accommodation and food services;

 8.3% of all businesses in wholesale trade;

 7.1% of all businesses in retail trade; and

 6.9% of all businesses in healthcare and social assistance.

Loans made to the substantial majority of small businesses in the sectors listed above may be eligible for inclusion in the 

‘commercial and industrial loan’ category under the Act’s definition of small business lending.

According to the 2007 SBO, the top five concentrations of Asian-owned businesses – 63.9 percent of 1.5 million firms –

include the following sectors:

 18.6% in repair and maintenance, and personal and laundry services;

 13.8 % in professional, scientific, and technical services;

 12.3% in retail trade;

 10.6% in health care and social assistance; and

 8.6% in accommodation and food services.
40

Analysis 5.2(g): Potential Increase in Small Business Lending to Asian-Owned Businesses

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits, U.S. Census Bureau – 2007 Survey of Business Owners

#

Potential 

Lending 

Increase

%

Potential 

Lending 

Increase

$

United States Total 332 3,053 $9,259.8 27,258,564 1,551,531 4.7% $436.5

Midwest Region 8 9 971 $2,100.0 5,548,272 146,622 2.5% $52.0

Illinois 2 1 251 $435.6 1,123,817 59,347 5.3% $23.1

Indiana 6 214 $240.3 482,847 8,756 1.8% $4.3

Iowa 4 7 8 $192.9 259,931 2,834 1.1% $2.1

Kansas 9 6 0 $90.4 237,040 4,833 2.0% $1.8

Michigan 5 2 7 $168.5 816,972 21,588 2.6% $4.4

Minnesota 9 4 6 $189.5 496,657 11,382 2.3% $4.4

Missouri 7 148 $245.7 501,064 9,753 1.9% $4.7

Nebraska 5 3 9 $62.4 159,665 2,277 1.4% $0.9

North Dakota 2 2 7 $140.0 61,546 413 0.7% $1.0

Ohio 5 1 6 $71.4 897,939 18,200 2.0% $1.4

South Dakota 5 1 0 $19.6 76,997 453 0.6% $0.1

Wisconsin 1 1 5 5 $243.9 433,797 6,786 1.6% $3.9

Northeast Region 6 9 481 $1,197.7 5,112,551 339,556 5.2% $62.9

Connecticut 4 1 9 $43.9 332,150 11,083 3.3% $1.4

Maine 2 2 0 $48.0 150,389 1,107 0.7% $0.3

Massachusetts 1 2 5 6 $197.8 596,790 26,581 4.5% $8.9

New Hampshire 6 7 1 $159.2 137,815 2,211 1.6% $2.5

New Jersey 1 0 8 1 $167.5 781,622 67,758 8.7% $14.6

New York 1 2 6 8 $240.5 1,956,733 196,852 10.1% $24.3

Pennsylvania 2 2 155 $335.5 981,501 31,315 3.2% $10.7

Rhode Island 0 0 $0.0 96,822 2,000 2.1% $0.0

Vermont 1 1 1 $5.3 78,729 649 0.8% $0.0

South Region 121 1,155 $4,278.3 10,092,204 388,618 3.9% $165.3

Alabama 5 5 9 $321.1 382,350 6,908 1.8% $5.8

Arkansas 5 8 9 $211.7 238,994 3,322 1.4% $3.0

Delaware 1 2 $15.0 74,573 2,990 4.0% $0.6

Florida 1 7 105 $388.1 2,009,589 64,930 3.2% $12.4

Georgia 4 1 5 $41.0 901,105 46,223 5.1% $2.1

Kentucky 5 2 4 $59.4 337,600 5,559 1.6% $0.9

Louisiana 7 122 $569.3 375,808 10,365 2.8% $15.9

Maryland 5 4 3 $216.0 528,112 35,864 6.8% $14.7

Mississippi 1 2 1 $36.5 225,977 4,005 1.8% $0.7

North Carolina 9 141 $186.6 798,791 20,162 2.5% $4.7

Oklahoma 8 4 7 $226.7 333,797 6,735 2.0% $4.5

South Carolina 5 2 5 $75.1 360,397 6,660 1.8% $1.4

Tennessee 1 4 100 $284.4 545,348 11,179 2.0% $5.7

Texas 2 2 272 $1,202.2 2,164,852 114,336 5.3% $63.7

Virginia 8 7 3 $332.3 638,643 44,575 7.0% $23.3

District of Columbia 3 1 1 $99.0 55,887 3,279 5.9% $5.8

West Virginia 2 6 $14.0 120,381 1,526 1.3% $0.2

West Region 5 3 446 $1,683.8 6,505,537 676,735 9.3% $156.3

Alaska 0 0 $0.0 68,728 2,149 3.1% $0.0

Arizona 0 3 3 $89.1 491,529 16,335 3.3% $2.9

California 3 0 186 $822.0 3,425,510 509,097 14.9% $122.5

Colorado 7 4 2 $165.0 547,770 14,484 2.6% $4.3

Hawaii 0 0 $0.0 120,374 56,835 47.2% $0.0

Idaho 1 3 6 $69.9 151,671 1,270 0.8% $0.6

Montana 2 1 1 $26.3 114,398 646 0.6% $0.2

Nevada 3 3 2 $117.5 221,260 17,544 7.9% $9.3

New Mexico 0 1 8 $40.6 157,231 3,322 2.1% $0.9

Oregon 0 2 $3.3 348,154 12,650 3.6% $0.1

Utah 4 9 $142.5 246,393 4,650 1.9% $2.7

Washington 5 7 3 $187.7 551,340 37,355 6.8% $12.8

Wyoming 1 4 $20.0 61,179 398 0.7% $0.1

Locations of 

Participating 

Institutions

#

Potential 

Lending 

Increase

(millions)

Total 

Businesses

#

Asian-Owned Businesses

Number of 

Participating 

Institutions

#
41

CHAPTER SIX: METHODOLOGY

The community banks and CDLFs participating in the SBLF

received funding from the program in the second and third 

quarter of 2011. Consequently, Treasury assessed the 

potential impact of SBLF funds on women-owned, veteranowned, and minority-owned businesses. 

Treasury collected data on women-owned, veteran-owned, 

and minority-owned businesses from the U.S. Census 

Bureau’s most recent Survey of Business Owners (SBO) and 

depository data on participating banks from the Federal 

Deposit Insurance Corporation’s (FDIC) most recent 

Summary of Deposits Survey. Treasury used the data from 

these surveys to compare the geographic footprint of 

women-owned, veteran-owned, and minority-owned 

businesses to the geographic footprint of funds received by 

institutions participating in SBLF.

Data Sources

In addition to information on community banks and CDLFs 

provided by participating institutions to Treasury, this 

report uses data from the following two sources:

The U.S. Census Bureau’s 2007 Survey of Business Owners

The most recent, large-scale survey regarding business 

ownership in the United States is Census Bureau’s 2007 

SBO. This survey provides demographic and geographic 

data on the number, size, and types of businesses operating 

across the country, including, on a state-by-state basis, the 

number of women-owned, veteran-owned, and minorityowned businesses. Specifically, Treasury gathered the 

following state-level information from this report:

• The number of businesses in the United States owned 

by: 1) women, 2) veterans, 3) Hispanic-Americans, 4) 

Black or African-Americans, 5) Asian-Americans, 6) 

American Indians & Alaskan Natives, and 7) Native 

Hawaiians & Other Pacific Islanders.

• The total number of businesses in the United States 

irrespective of ownership demographics.

Using the number and concentration of women-owned, 

veteran-owned, and minority-owned businesses in each 

state, Treasury calculated the potential increase in small 

business lending from the SBLF funding for each category of 

business owners and aggregated the increases to the 

regional and national levels. 

The Federal Deposit Insurance Corporation’s June 30, 2010 

Summary of Deposits Survey

The most recent, large-scale survey regarding branch office 

deposits for insured depository institutions in the United 

States is the FDIC’s June 2010 Summary of Deposits Survey. 

The FDIC has conducted this survey every year since 1934. 

Each insured financial institution is required to report to the 

FDIC the amount of deposits attributable to each of its 

branches.

Treasury used the data from the FDIC survey to determine 

the county-level location of each branch of the banks 

participating in SBLF. Using deposits as an indirect measure

of lending activity, Treasury calculated the increase in small 

business lending that could be associated with each branch 

and then aggregated the increases to the regional and 

national levels. 

Linkage Between Deposits and Lending Activities

Because information on the geographic distribution of 

individual loans is not reported on a bank-specific basis, the 

analysis in this report uses the depository footprint13 of a 

participating bank14 from the FDIC survey as a proxy for its

lending activities. In this report, Treasury establishes the 

branch’s share of small business lending as proportionate to 

the branch’s level of non-brokered deposits as a percentage 

of the bank’s total

This framework is generally consistent with the business 

activities of community lenders, which tend to have

concentrated geographic footprints. While there are 

certain instances in which the correlation between deposits 

and loans may be reduced (e.g., an institution with a loan 

production office outside of its depository footprint), this 

relationship establishes a basis for evaluating the potential 

impact of SBLF funding on women-owned, veteran-owned, 

and minority-owned businesses.

 

Calculating the SBLF Funding Footprint

Treasury employed the following methodology to assess the 

potential use of SBLF funding to increase lending to womenowned, veteran-owned, and minority-owned businesses:

1. Assignment of participating institutions to specific 

state and county locations.

 

13 For this report, the depository footprint of a bank is the 

percentage of deposits it collects at each of its branch locations.

14 For this report, the depository footprint of the participating 

CDLFs is the county-level location of the CDLF’s headquarters.
42

For banks, Treasury used the data available in the FDIC

survey to assign the headquarters and branch locations 

of each participant to the state and county in which the 

institution is located. For CDLFs, Treasury assigned a 

state and county based on the CDLF’s headquarters 

location.

2. Elimination of wholesale brokered funding from each 

participating bank’s branch network.

Many community banks employ brokered funding that 

is unlikely to be representative of its lending base. In

reporting deposits, banks generally include brokered 

deposits in the deposit base of their headquarters

locations. Treasury subtracted brokered deposits from

(a) each bank’s headquarters location and from (b) the 

bank’s aggregate deposits. 

3. Calculation of the percentage of deposits attributed to 

each location within the participating banks’ branch 

networks.

Treasury divided the adjusted deposit base for each 

bank’s headquarters and branch locations by the 

aggregate adjusted deposit base for each bank

(calculated as described in step #2).

4. Calculation of the potential increase in small business 

lending in specific state and county locations.

All participants in SBLF submitted lending plans to 

Treasury. In these lending plans, participating 

community banks and CDLFs were required to report 

the dollar amount increase in qualified small business 

lending they expected to achieve within two years of 

receiving Treasury’s investment.

To assess the SBLF’s potential increase in small 

business lending within states, Treasury completed the 

following calculations for each participating institution:

- For each bank headquarters and branch location, 

Treasury multiplied the increase in small business 

lending reported on the bank’s lending plan by the 

percentage of deposits attributed to that

headquarters or branch location (as calculated in 

step #3). Treasury then assigned the resulting 

increase in small business lending to the county of 

that location and aggregated the county-level 

increases to state-level increases.

- For each CDLF, Treasury assigned the dollar 

amount increase in small business lending 

reported on the CDLF’s lending plan to the county

and state of the CDLF’s headquarters location.

5. Calculation of the potential increase in lending to 

women-, veteran-, and minority-owned businesses.

Treasury multiply the potential state-level increases in 

small business lending (as calculated in step #4) by the 

percentage of women-owned, veteran-owned, and 

minority-owned businesses in each state. For this 

calculation, Treasury used the percentages reported in 

the Census Bureau’s SBO. These state-level totals for 

each category of business owners were then 

aggregated to develop regional- and national-level

estimates.
43

FOR MORE INFORMATION

To learn more about the Small Business Lending Fund, visit 

www.treasury.gov/SBLF.

For media inquiries, please call the U.S. Department of the 

Treasury Press Office at 202-622-2960.
44

APPENDICES

Appendix A: SBLF Participating Community Banks, listed by Region and State

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

Midwest Region

Illinois

Bancorp Financial, Inc. Oak Brook Illinois DuPage Chicago, IL-IN-WI $14.6

Community First Bancorp, Inc. Fairview Heights Illinois Saint Clair Saint Louis, MO-IL $7.0

Community Illinois Corporation Rock Falls Illinois Whiteside Sterling, IL $4.5

First Bankers Trustshares, Inc. Quincy Illinois Adams Quincy, IL-MO $10.0

First Busey Corporation Champaign Illinois Champaign Champaign-Urbana, IL $72.7

First Community Financial Corporation Elgin Illinois Kane Chicago, IL-IN-WI $6.1

First Eldorado Bancshares, Inc. Eldorado Illinois Saline Harrisburg, IL $3.0

First Robinson Financial Corporation Robinson Illinois Crawford Rural / No MSA $4.9

Fisher Bancorp, Inc. Fisher Illinois Champaign Champaign-Urbana, IL $1.0

Heartland Bancorp, Inc. Bloomington Illinois McLean Bloomington-Normal, IL $25.0

Illinois State Bancorp, Inc.1 Chicago Illinois Cook Chicago, IL-IN-WI $13.4

Merchants and Manufacturers Bank Corporation Channahon Illinois Will Chicago, IL-IN-WI $6.8

People First Bancshares, Inc. Pana Illinois Christian Taylorville, IL $9.2

Prime Banc Corp. Dieterich Illinois Effingham Effingham, IL $10.0

QCR Holdings, Inc.1 Rockford Illinois Winnebago Rockford, IL $40.1

Signature Bancorporation, Inc. Chicago Illinois Cook Chicago, IL-IN-WI $12.5

Southern Illinois Bancorp, Inc. Carmi Illinois White Rural / No MSA $9.0

Town and Country Financial Corporation1

Springfield Illinois Sangamon Springfield, IL $5.0

Tri-County Financial Group, Inc. Mendota Illinois La Salle Ottawa-Streator, IL $20.0

United Community Bancorp, Inc.1 Chatham Illinois Sangamon Springfield, IL $22.3

Indiana

AMB Financial Corp. Munster Indiana Lake Chicago, IL-IN-WI $3.9

Community Bank Shares of Indiana, Inc.1 New Albany Indiana Floyd Louisville-Jefferson County, KY-IN $28.0

First Merchants Corporation Muncie Indiana Delaware Muncie, IN $90.8

First Savings Financial Group, Inc. Clarksville Indiana Clark Louisville-Jefferson County, KY-IN $17.1

Horizon Bancorp Michigan City Indiana La Porte Michigan City-La Porte, IN $12.5

MutualFirst Financial, Inc. Muncie Indiana Delaware Muncie, IN $28.9

Iowa

Commercial Financial Corp Storm Lake Iowa Buena Vista Storm Lake, IA $18.0

Heartland Financial USA, Inc.1 Dubuque Iowa Dubuque Dubuque, IA $81.7

Heritage Bancshares Group, Inc. Holstein Iowa Ida Rural / No MSA $11.0

Liberty Financial Services, Inc. Sioux City Iowa Woodbury Sioux City, IA-NE-SD $7.0

Two Rivers Financial Group, Inc. Burlington Iowa Des Moines Burlington, IA-IL $23.2

Region, 

State
45

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

Midwest Region (continued)

Kansas

Bern Bancshares, Inc. Bern Kansas Nemaha Rural / No MSA $1.5

Brotherhood Bancshares, Inc. Kansas City Kansas Wyandotte Kansas City, MO-KS $16.0

CB Bancshares Corp. Weir Kansas Cherokee Rural / No MSA $0.2

Equity Bancshares, Inc.1 Andover Kansas Butler Wichita, KS $16.4

Farmers State Bankshares, Inc. Circleville Kansas Jackson Topeka, KS $0.7

First Financial Bancshares, Inc.1

Lawrence Kansas Douglas Lawrence, KS $3.9

Freedom Bancshares, Inc. Overland Park Kansas Johnson Kansas City, MO-KS $4.0

Osborne Investments, Inc. Osborne Kansas Osborne Rural / No MSA $1.0

UBT Bancshares, Inc. Marysville Kansas Marshall Rural / No MSA $16.5

Michigan

Birmingham Bloomfield Bancshares, Inc. Birmingham Michigan Oakland Detroit-Warren-Livonia, MI $4.6

Crestmark Bancorp Inc. Troy Michigan Oakland Detroit-Warren-Livonia, MI $8.3

Huron Valley State Bank Milford Michigan Oakland Detroit-Warren-Livonia, MI $2.6

Level One Bancorp, Inc. Farmington Hills Michigan Oakland Detroit-Warren-Livonia, MI $11.3

Valley Financial Group, Ltd. Saginaw Michigan Saginaw Saginaw-Saginaw Township North, MI $2.0

Minnesota

Financial Services of Winger, Inc. Winger Minnesota Polk Grand Forks, ND-MN $4.1

Kerkhoven Bancshares, Inc. Kerkhoven Minnesota Swift Rural / No MSA $1.5

McLeod Bancshares, Inc. Minnetonka Minnesota Hennepin Minneapolis-St.Paul-Bloomington, MN-WI $6.0

Midwest Bancorporation, Inc. Bertha Minnesota Todd Rural / No MSA $5.1

Platinum Bancorp, Inc. Oakdale Minnesota Washington Minneapolis-St.Paul-Bloomington, MN-WI $4.5

Redwood Financial, Inc. Redwood Falls Minnesota Redwood Rural / No MSA $6.4

Missouri

Cardinal Bancorp II, Inc. Union Missouri Franklin Saint Louis, MO-IL $6.3

Fortune Financial Corporation Arnold Missouri Jefferson Saint Louis, MO-IL $3.3

Great Southern Bancorp, Inc. Springfield Missouri Greene Springfield, MO $57.9

Landrum Company Columbia Missouri Boone Columbia, MO $20.0

Liberty Bancorp, Inc. Liberty Missouri Clay Kansas City, MO-KS $16.2

Liberty Bancshares, Inc Springfield Missouri Greene Springfield, MO $23.0

Security State Bancshares, Inc. Charleston Missouri Mississippi Rural / No MSA $22.0

Triad Bancorp, Inc. Frontenac Missouri Saint Louis Saint Louis, MO-IL $5.0

Region, 

State
46

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

Midwest Region (continued)

Nebraska

Adbanc, Inc. Ogallala Nebraska Keith Rural / No MSA $21.9

Banner County Ban Corporation Harrisburg Nebraska Banner Scottsbluff, NE $2.4

Wilber Co. Lincoln Nebraska Lancaster Lincoln, NE $12.0

Norh Dakota

Alerus Financial Corporation Grand Forks North Dakota Grand Forks Grand Forks, ND-MN $20.0

Western State Agency, Inc. Devils Lake North Dakota Ramsey Rural / No MSA $12.0

Ohio

Columbus First Bancorp, Inc. Worthington Ohio Franklin Columbus, OH $6.2

Community Independent Bancorp, Inc. West Salem Ohio Wayne Wooster, OH $2.3

Indebancorp Oak Harbor Ohio Ottawa Toledo, OH $2.0

Insight Bank Columbus Ohio Delaware Columbus, OH $4.3

South Dakota

BHCB Holding Company Rapid City South Dakota Pennington Rapid City, SD $2.0

Wisconsin

County Bancorp, Inc. Manitowoc Wisconsin Manitowoc Manitowoc, WI $15.0

Deerfield Financial Corporation Deerfield Wisconsin Dane Madison, WI $3.7

First American Investment, Inc. Hudson Wisconsin Saint Croix Minneapolis-St.Paul-Bloomington, MN-WI $1.7

First Menasha Bancshares, Inc. Menasha Wisconsin Winnebago Oshkosh-Neenah, WI $10.0

Nicolet Bankshares, Inc. Green Bay Wisconsin Brown Green Bay, WI $24.4

Northern Bankshares, Inc. McFarland Wisconsin Dane Madison, WI $22.0

PFSB Bancorporation, Inc. Pigeon Falls Wisconsin Trempealeau Rural / No MSA $1.5

Sword Financial Corporation Horicon Wisconsin Dodge Beaver Dam, WI $17.0

Northeast Region

Connecticut

BNC Financial Group, Inc.1 New Canaan Connecticut Fairfield Bridgeport-Stamford-Norwalk, CT $11.0

SBT Bancorp, Inc. Simsbury Connecticut Hartford Hartford-West Hartford-East Hartford, CT $9.0

Salisbury Bancorp, Inc. Lakeville Connecticut Litchfield Torrington, CT $16.0

Maine

Katahdin Bankshares Corporation Patten Maine Penobscot Bangor, ME $11.0

Region, 

State
47

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

Northeast Region (continued)

Massachusetts

Central Bancorp, Inc. Somerville Massachusetts Middlesex Boston-Cambridge-Quincy, MA-NH $10.0

Hyde Park Bancorp, MHC Boston Massachusetts Suffolk Boston-Cambridge-Quincy, MA-NH $18.7

Island Bancorp, Inc. Edgartown Massachusetts Dukes Rural / No MSA $4.0

Leader Bancorp Inc. Arlington Massachusetts Middlesex Boston-Cambridge-Quincy, MA-NH $12.9

Mercantile Capital Corp Boston Massachusetts Suffolk Boston-Cambridge-Quincy, MA-NH $7.0

New England Bancorp, Inc. Hyannis Massachusetts Barnstable Barnstable Town, MA $4.0

Provident Bancorp Amesbury Massachusetts Essex Boston-Cambridge-Quincy, MA-NH $17.1

Rockport National Bancorp, Inc. Rockport Massachusetts Essex Boston-Cambridge-Quincy, MA-NH $3.0

StonehamBank Stoneham Massachusetts Middlesex Boston-Cambridge-Quincy, MA-NH $13.8

New Hampshire

Centrix Bank & Trust Bedford New Hampshire Hillsborough Manchester-Nashua, NH $24.5

First Colebrook Bancorp, Inc. Colebrook New Hampshire Coos Berlin, NH-VT $8.6

Guaranty Bancorp, Inc. Woodsville New Hampshire Grafton Lebanon, NH-VT $7.0

Nashua Bank Nashua New Hampshire Hillsborough Manchester-Nashua, NH $3.0

New Hampshire Thrift Bancshares, Inc. Newport New Hampshire Sullivan Claremont, NH $20.0

Northway Financial, Inc. Berlin New Hampshire Coos Berlin, NH-VT $23.6

New Jersey

Center Bancorp, Inc. Union New Jersey Union New York, NY-NJ-PA $11.3

Community Partners Bancorp Middletown New Jersey Monmouth New York, NY-NJ-PA $12.0

Crest Savings Bancorp, Inc. Wildwood New Jersey Cape May Ocean City, NJ $2.5

Freedom Bank Oradell New Jersey Bergen New York, NY-NJ-PA $4.0

Harmony Bank Jackson New Jersey Ocean New York, NY-NJ-PA $3.5

Highlands Bancorp, Inc. Vernon New Jersey Sussex New York, NY-NJ-PA $6.9

Hopewell Valley Community Bank Pennington New Jersey Mercer Trenton-Ewing, NJ $11.0

Regal Bank Livingston New Jersey Essex New York, NY-NJ-PA $7.0

Stewardship Financial Corporation Midland Park New Jersey Bergen New York, NY-NJ-PA $15.0

New York

Alma Bank Astoria New York Queens New York, NY-NJ-PA $19.0

Catskill Hudson Bancorp, Inc. Rock Hill New York Sullivan Rural / No MSA $9.7

Elmira Savings Bank, FSB Elmira New York Chemung Elmira, NY $14.1

Greater Rochester Bancorp, Inc. Rochester New York Monroe Rochester, NY $7.0

Kinderhook Bank Corporation Kinderhook New York Columbia Hudson, NY $7.0

Pathfinder Bancorp, Inc. (MHC) Oswego New York Oswego Syracuse, NY $13.0

Seneca-Cayuga Bancorp, Inc. (MHC) Seneca Falls New York Seneca Seneca Falls, NY $5.0

Region, 

State
48

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

Northeast Region (continued)

Pennsylvania

AmeriServ Financial, Inc. Johnstown Pennsylvania Cambria Johnstown, PA $21.0

CBT Financial Corporation Clearfield Pennsylvania Clearfield DuBois, PA $10.0

Centric Financial Corporation Harrisburg Pennsylvania Dauphin Harrisburg-Carlisle, PA $7.5

Codorus Valley Bancorp, Inc. Glen Rock Pennsylvania York York-Hanover, PA $25.0

DNB Financial Corporation Downingtown Pennsylvania Chester Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $13.0

Emclaire Financial Corp. Emlenton Pennsylvania Venango Oil City, PA $10.0

Enterprise Financial Services Group, Inc Allison Park Pennsylvania Allegheny Pittsburgh, PA $5.0

First Resource Bank Exton Pennsylvania Chester Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $5.1

Franklin Security Bancorp, Inc. Wilkes-Barre Pennsylvania Luzerne Scranton-Wilkes-Barre, PA $7.0

Jonestown Bank & Trust Co. Jonestown Pennsylvania Lebanon Lebanon, PA $4.0

MileStone Bank Doylestown Pennsylvania Bucks Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $5.1

Monument Bank Doylestown Pennsylvania Bucks Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $3.0

Penn Liberty Financial Corp Wayne Pennsylvania Delaware Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $20.0

Phoenix Bancorp, Inc. Minersville Pennsylvania Schuylkill Pottsville, PA $3.5

Team Capital Bank Bethlehem Pennsylvania Northampton Allentown-Bethlehem-Easton, PA-NJ $22.4

Valley Green Bank Philadelphia Pennsylvania Philadelphia Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $5.0

Victory Bancorp, Inc. Limerick Pennsylvania Montgomery Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $3.4

York Traditions Bank York Pennsylvania York York-Hanover, PA $5.1

South Region

Alabama

BancIndependent Incorporated Sheffield Alabama Colbert Florence-Muscle Shoals, AL $30.0

ServisFirst Bancshares, Inc. Birmingham Alabama Jefferson Birmingham-Hoover, AL $40.0

SouthCity Bank Vestavia Hills Alabama Jefferson Birmingham-Hoover, AL $5.2

Southern National Corporation Andalusia Alabama Covington Rural / No MSA $6.0

Southern States Bancshares, Inc. Anniston Alabama Calhoun Anniston-Oxford, AL $7.5

Arkansas

Community Bank Delaware Lewes Delaware Sussex Seaford, DE $4.5

Evolve Bancorp, Inc. Parkin Arkansas Cross Rural / No MSA $4.7

First Service Bancshares, Inc. Greenbrier Arkansas Faulkner Little Rock-North Little Rock-Conway, AR $7.7

Liberty Bancshares, Inc Jonesboro Arkansas Craighead Jonesboro, AR $52.5

Rock Bancshares, Inc. Bryant Arkansas Saline Little Rock-North Little Rock-Conway, AR $6.7

Southern Missouri Bancorp, Inc. Batesville Arkansas Independence Batesville, AR $20.0

Region, 

State
49

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

South Region (continued)

Florida

Bank of Central Florida Lakeland Florida Polk Lakeland-Winter Haven, FL $7.0

Broward Financial Holdings, Inc. Fort Lauderdale Florida Broward Miami-Fort Lauderdale, FL $3.1

CBOS Bankshares, Inc. Merritt Island Florida Brevard Palm Bay-Melbourne-Titusville, FL $3.9

Community Southern Bank Lakeland Florida Polk Lakeland-Winter Haven, FL $5.7

FineMark Holdings, Inc. Fort Myers Florida Lee Cape Coral-Fort Myers, FL $5.7

First Federal Bancorp, Inc. Lake City Florida Columbia Lake City, FL $20.0

First Green Bank Eustis Florida Lake Orlando-Kissimmee-Sanford, FL $4.7

Florida Business BancGroup, Inc. Tampa Florida Hillsborough Tampa-St.Petersburg-Clearwater, FL $15.4

Florida Community Bankshares, Inc. Ocala Florida Marion Ocala, FL $17.0

Florida Shores Bancorp, Inc.1

Pompano Beach Florida Broward Miami-Fort Lauderdale, FL $12.8

Florida Traditions Bank Dade City Florida Pasco Tampa-St.Petersburg-Clearwater, FL $8.8

Gulfstream Bancshares, Inc. Stuart Florida Martin Port St. Lucie, FL $7.5

HomeBancorp, Inc. Lake Mary Florida Seminole Orlando-Kissimmee-Sanford, FL $7.4

Jefferson Bank of Florida Oldsmar Florida Pinellas Tampa-St.Petersburg-Clearwater, FL $3.4

Marquis Bank Coral Gables Florida Miami-Dade Miami-Fort Lauderdale, FL $3.5

Ovation Holdings, Inc. Port Charlotte Florida Charlotte Punta Gorda, FL $5.0

Platinum Bank Brandon Florida Hillsborough Tampa-St.Petersburg-Clearwater, FL $13.8

Georgia

Lowndes Bancshares, Inc. Valdosta Georgia Lowndes Valdosta, GA $6.0

Peoples Bank of Talbotton Talbotton Georgia Talbot Rural / No MSA $0.9

Resurgens Bancorp Atlanta Georgia DeKalb Atlanta, GA $3.0

Kentucky

FCB Bancorp, Inc. Louisville Kentucky Jefferson Louisville-Jefferson County, KY-IN $9.8

Magnolia Bancshares, Incorporated Magnolia Kentucky Larue Elizabethtown, KY $2.0

Planters Financial Group, Inc. Hopkinsville Kentucky Christian Clarksville, TN-KY $20.0

Louisiana

Community First Bancshares, Inc. New Iberia Louisiana Iberia New Iberia, LA $30.9

First Guaranty Bancshares, Inc. Hammond Louisiana Tangipahoa Hammond, LA $39.4

First NBC Bank Holding Company New Orleans Louisiana Orleans New Orleans-Metairie-Kenner, LA $37.9

MidSouth Bancorp, Inc. Lafayette Louisiana Lafayette Lafayette, LA $32.0

Ouachita Bancshares Corp. Monroe Louisiana Ouachita Monroe, LA $17.9

Progressive Bancorp, Inc. Winnsboro Louisiana Franklin Rural / No MSA $12.0

Region, 

State
50

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

South Region (continued)

Maryland

Eagle Bancorp, Inc. Bethesda Maryland Montgomery Washington, DC-VA-MD-WV $56.6

Howard Bancorp, Inc. Ellicott City Maryland Howard Baltimore-Towson, MD $12.6

Monument Bank Bethesda Maryland Montgomery Washington, DC-VA-MD-WV $11.4

Tri-County Financial Corporation Waldorf Maryland Charles Washington, DC-VA-MD-WV $20.0

Mississippi

Bankfirst Capital Corporation Macon Mississippi Noxubee Rural / No MSA $20.0

North Carolina

Citizens South Banking Corporation Gastonia North Carolina Gaston Charlotte-Gastonia-Rock Hill, NC-SC $20.5

First Bancorp Troy North Carolina Montgomery Rural / No MSA $63.5

Live Oak Bancshares, Inc. Wilmington North Carolina New Hanover Wilmington, NC $6.8

Premara Financial, Inc. Charlotte North Carolina Mecklenburg Charlotte-Gastonia-Rock Hill, NC-SC $6.2

Providence Bank Rocky Mount North Carolina Nash Rocky Mount, NC $4.3

Select Bancorp, Inc. Greenville North Carolina Pitt Greenville, NC $7.6

Union Bank & Trust Company Oxford North Carolina Granville Rural / No MSA $6.2

Oklahoma

Ameribank Holding Company Collinsville Oklahoma Tulsa Tulsa, OK $5.3

Central Service Corporation Enid Oklahoma Garfield Enid, OK $7.0

F & M Bancorporation Inc. Tulsa Oklahoma Tulsa Tulsa, OK $38.2

Grand Capital Corporation Tulsa Oklahoma Tulsa Tulsa, OK $5.2

Prime Bank Group, Inc. Edmond Oklahoma Oklahoma Oklahoma City, OK $4.5

Regent Capital Corporation Nowata Oklahoma Nowata Rural / No MSA $3.4

South Carolina

Carolina Alliance Bank Spartanburg South Carolina Spartanburg Spartanburg, SC $5.0

GrandSouth Bancorporation Greenville South Carolina Greenville Greenville-Mauldin-Easley, SC $15.4

TCB Corporation Greenwood South Carolina Greenwood Greenwood, SC $8.6

Region, 

State
51

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

South Region (continued)

Tennessee

Avenue Financial Holdings, Inc. Nashville Tennessee Davidson Nashville-Davidson-Murfreesboro-Franklin, TN $19.0

CapitalMark Bank & Trust Chattanooga Tennessee Hamilton Chattanooga, TN-GA $18.2

Carroll Financial Services, Inc. Huntingdon Tennessee Carroll Rural / No MSA $3.0

Franklin Financial Network, Inc. Franklin Tennessee Williamson Nashville-Davidson-Murfreesboro-Franklin, TN $10.0

Independent Holdings, Inc Memphis Tennessee Shelby Memphis, TN-MS-AR $34.9

InsCorp, Inc. Nashville Tennessee Davidson Nashville-Davidson-Murfreesboro-Franklin, TN $3.0

Landmark Community Bank Collierville Tennessee Shelby Memphis, TN-MS-AR $8.0

Magna Bank Memphis Tennessee Shelby Memphis, TN-MS-AR $18.4

Merchants & Planters Bancshares, Inc. Bolivar Tennessee Hardeman Rural / No MSA $2.0

Moneytree Corporation Lenoir City Tennessee Loudon Knoxville, TN $10.0

Sequatchie Valley Bancshares, Inc. Dunlap Tennessee Sequatchie Chattanooga, TN-GA $5.0

SmartFinancial, Inc. Pigeon Forge Tennessee Sevier Sevierville, TN $12.0

Southern Heritage Bancshares, Inc. Cleveland Tennessee Bradley Cleveland, TN $5.1

Sumner Bank & Trust Gallatin Tennessee Sumner Nashville-Davidson-Murfreesboro-Franklin, TN $4.3

Texas

AIM Bancshares, Inc. Littlefield Texas Lamb Rural / No MSA $9.1

Algodon De Calidad Bancshares, Inc Abernathy Texas Hale Plainview, TX $0.6

ANB Corporation1

Terrell Texas Kaufman Dallas-Fort Worth-Arlington, TX $37.0

BMC Bancshares, Inc. Graford Texas Palo Pinto Mineral Wells, TX $1.2

BOH Holdings, Inc. Houston Texas Harris Houston, TX $23.9

Community Trust Financial Corporation Dallas Texas Dallas Dallas-Fort Worth-Arlington, TX $48.3

Encore Bancshares, Inc. Houston Texas Harris Houston, TX $32.9

FB BanCorp San Antonio Texas Bexar San Antonio-New Braunfels, TX $12.0

First Texas BHC, Inc. Fort Worth Texas Tarrant Dallas-Fort Worth-Arlington, TX $29.8

Frontier Bancshares, Inc. Austin Texas Travis Austin-Round Rock-San Marcos, TX $6.2

FVNB Corp. Victoria Texas Victoria Victoria, TX $18.0

Happy Bancshares, Inc. Happy Texas Swisher Rural / No MSA $31.9

Joaquin Bankshares, Inc. Joaquin Texas Shelby Rural / No MSA $3.9

Liberty Capital Bancshares, Inc. Addison Texas Dallas Dallas-Fort Worth-Arlington, TX $1.5

McLaughlin Bancshares, Inc. Ralls Texas Crosby Lubbock, TX $6.6

Pioneer Bank, SSB Dripping Springs Texas Hays Austin-Round Rock-San Marcos, TX $3.0

PlainsCapital Corporation Lubbock Texas Lubbock Lubbock, TX $114.1

Southwestern Bancorp, Inc. Boerne Texas Kendall San Antonio-New Braunfels, TX $1.5

Sovereign Bancshares, Inc. Dallas Texas Collin Dallas-Fort Worth-Arlington, TX $24.5

Steele Holdings, Inc. Arp Texas Smith Tyler, TX $8.3

Third Coast Bank, SSB Humble Texas Harris Houston, TX $8.7

Veritex Holdings, Inc. Plano Texas Collin Dallas-Fort Worth-Arlington, TX $8.0

Region, 

State
52

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

Virginia

Blue Ridge Bankshares, Inc. Luray Virginia Page Rural / No MSA $4.5

Citizens Community Bank South Hill Virginia Mecklenburg Rural / No MSA $4.0

Heritage Bankshares, Inc. Norfolk Virginia Norfolk City Virginia Beach-Norfolk-Newport News, VA-NC $7.8

TowneBank Portsmouth Virginia Newport News City Virginia Beach-Norfolk-Newport News, VA-NC $76.5

United Financial Banking Companies, Inc. Vienna Virginia Fairfax Washington, DC-VA-MD-WV $3.0

Virginia Heritage Bank Fairfax Virginia Fairfax City Washington, DC-VA-MD-WV $15.3

WashingtonFirst Bankshares, Inc. Reston Virginia Fairfax Washington, DC-VA-MD-WV $17.8

Xenith Bankshares, Inc. Richmond Virginia Richmond City Richmond, VA $8.4

West Virginia

First Bank of Charleston, Inc. Charleston West Virginia Kanawha Charleston, WV $3.3

MVB Financial Corp. Fairmont West Virginia Marion Fairmont, WV $8.5

West Region

California

1st Enterprise Bank Los Angeles California Los Angeles Los Angeles, CA $16.4

Bank of Commerce Holdings Redding California Shasta Redding, CA $20.0

Bank of Santa Barbara Santa Barbara California Santa Barbara Santa Barbara-Santa Maria-Goleta, CA $1.9

California Bank of Commerce Lafayette California Contra Costa San Francisco, CA $11.0

Capital Bank San Juan Capistrano California Orange Los Angeles, CA $3.1

Central Valley Community Bancorp Kerman California Fresno Fresno, CA $7.0

Community Valley Bank El Centro California Imperial El Centro, CA $2.4

First California Financial Group, Inc. San Luis Obispo California San Luis Obispo San Luis Obispo-Paso Robles, CA $25.0

First Northern Community Bancorp Dixon California Solano Vallejo-Fairfield, CA $22.8

First PacTrust Bancorp, Inc. Chula Vista California San Diego San Diego-Carlsbad-San Marcos, CA $32.0

FNB Bancorp Daly City California San Mateo San Francisco, CA $12.6

Founders Bancorp San Luis Obispo California San Luis Obispo San Luis Obispo-Paso Robles, CA $4.2

Oak Valley Bancorp Oakdale California Stanislaus Modesto, CA $13.5

Pacific Coast Bankers' Bancshares San Francisco California San Francisco San Francisco, CA $12.0

Partners Bank of California Mission Viejo California Orange Los Angeles, CA $2.5

Private Bank of California Los Angeles California Los Angeles Los Angeles, CA $10.0

Promerica Bank Los Angeles California Los Angeles Los Angeles, CA $3.8

Redwood Capital Bancorp Eureka California Humboldt Eureka-Arcata-Fortuna, CA $7.3

Seacoast Commerce Bank Chula Vista California San Diego San Diego-Carlsbad-San Marcos, CA $4.0

Security Business Bancorp San Diego California San Diego San Diego-Carlsbad-San Marcos, CA $8.9

Security California Bancorp Riverside California Riverside Riverside-San Bernardino, CA $7.2

Silvergate Capital Corporation La Jolla California San Diego San Diego-Carlsbad-San Marcos, CA $12.4

Summit State Bank Santa Rosa California Sonoma Santa Rosa-Petaluma, CA $13.8

Region, 

State
53

Appendix A: SBLF Participating Community Banks, listed by Region and State (Continued)

Bank or Bank Holding Company City State County MSA/CBSA Name SBLF Funding 

(millions)

West Region (continued)

Colorado

CIC Bancshares, Inc. Centennial Colorado Arapahoe Denver-Aurora-Broomfield, CO $1.8

CoBiz Financial Inc. Denver Colorado Denver Denver-Aurora-Broomfield, CO $57.4

Columbine Capital Corporation Buena Vista Colorado Chaffee Rural / No MSA $6.1

Morgan Capital Corporation Fort Morgan Colorado Morgan Fort Morgan, CO $3.3

State Bank of Bartley Colorado Springs Colorado El Paso Colorado Springs, CO $2.4

Steele Street Bank Corporation Denver Colorado Denver Denver-Aurora-Broomfield, CO $11.4

Verus Acquisition Group, Inc. Fort Collins Colorado Larimer Fort Collins-Loveland, CO $9.7

Idaho

D. L. Evans Bancorp Burley Idaho Cassia Burley, ID $29.9

Montana

Bancorp of Montana Holding Company Missoula Montana Missoula Missoula, MT $1.5

Nevada

Meadows Bank Las Vegas Nevada Clark Las Vegas-Paradise, NV $8.5

Western Alliance Bancorporation Las Vegas Nevada Clark Las Vegas-Paradise, NV $141.0

Utah

Cache Valley Banking Company Logan Utah Cache Logan, UT-ID $11.7

Continental Bancorporation Salt Lake City Utah Salt Lake Salt Lake City, UT $4.7

LCA Bank Corporation Park City Utah Summit Salt Lake City, UT $2.7

Medallion Bank Salt Lake City Utah Salt Lake Salt Lake City, UT $26.3

Washington

GBC Holdings, Incorporated Shoreline Washington King Seattle-Tacoma-Bellevue, WA $5.0

Peoples Bancorp Lynden Washington Whatcom Bellingham, WA $18.0

Puget Sound Bank Bellevue Washington King Seattle-Tacoma-Bellevue, WA $9.9

U & I Financial Corporation Lynnwood Washington Snohomish Seattle-Tacoma-Bellevue, WA $5.5

W.T.B. Financial Corporation Spokane Washington Spokane Spokane, WA $89.1

Wyoming

Financial Security Corporation Basin Wyoming Big Horn Rural / No MSA $5.0

1.) This institution is a multi-bank, bank holding company. Locations in this appendix reflect the headquarters of the overall institution.

Region, 

State
54

Appendix B: SBLF Participating Community Development Loan Funds, listed by Region and State

Community Development Loan Fund City County MSA/CBSA Name SBLF Funding 

(millions)

Midwest Region

Illinois

IFF Chicago Cook Chicago, IL-IN-WI $8.3

Minnesota

Community Reinvestment Fund, Inc. Minneapolis Hennepin Minneapolis-St.Paul-Bloomington, MN-WI $5.1

Midwest Minnesota Community Development Corporation Detroit Lakes Becker Minneapolis-St.Paul-Bloomington, MN-WI $4.6

Nonprofits Assistance Fund Minneapolis Hennepin Minneapolis-St.Paul-Bloomington, MN-WI $0.7

Nebraska

Nebraska Enterprise Fund Oakland Burt Rural / No MSA $0.2

Ohio

Economic and Community Development Institute Columbus Franklin Columbus, OH $0.2

South Dakota

Northeast South Dakota Economic Corporation Sisseton Roberts Rural / No MSA $1.0

Rural Electric Economic Development, Inc. Madison Lake Rural / No MSA $1.2

South Eastern Development Foundation Sioux Falls Minnehaha Sioux Falls, SD $0.2

Wisconsin

Forward Community Investments, Inc. Madison Dane Madison, WI $0.5

Impact Seven, Inc. Almena Barron Rural / No MSA $4.0

Wisconsin Women's Business Initiative Corporation Milwaukee Milwaukee Milwaukee-Waukesha-West Allis, WI $0.4

Region, 

State
55

Appendix B: SBLF Participating Community Development Loan Funds, listed by Region and State (Continued)

Community Development Loan Fund City County MSA/CBSA Name SBLF Funding 

(millions)

Northeast Region

Connecticut

Greater New Haven Community Loan Fund New Haven New Haven New Haven-Milford, CT $0.5

Maine

Coastal Enterprises Wiscasset Lincoln Rural / No MSA $2.3

Massachusetts

Boston Community Loan Fund Boston Suffolk Austin-Round Rock-San Marcos, TX $4.4

Capital Link Inc. Boston Suffolk Austin-Round Rock-San Marcos, TX $0.2

Western Massachusetts Enterprise Fund, Inc Holyoke Hampden Rural / No MSA $0.2

New York

Community Loan Fund of the Capital Region, Inc. Albany Albany Rural / No MSA $0.5

La Fuerza Unida Community Development Corporation East Norwich Nassau Rural / No MSA $0.0

Leviticus 25:23 Alternative Fund, Inc. Elmsford Westchester Rural / No MSA $0.8

Primary Care Development Corporation New York New York New York, NY-NJ-PA $4.0

Seedco Financial Services New York New York New York, NY-NJ-PA $2.5

Pennsylvania

Bridgeway Capital, Inc. Pittsburg Allegheny Pittsburgh, PA $1.8

Community First Fund Lancaster Lancaster Lancaster, PA $0.9

Northside Community Development Fund Pittsburgh Allegheny Pittsburgh, PA $0.3

The Progress Fund Greensburg Westmoreland Rural / No MSA $1.1

The Reinvestment Fund Philadelphia Philadelphia Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $11.7

Vermont

Vermont Community Loan Fund Montpelier Washington Rural / No MSA $1.2

District of Columbia

BUILDING HOPE...A CHARTER SCHOOL FACILITIES FUND Washington District of Columbia Washington, DC-VA-MD-WV $2.1

Partners for the Common Good Washington District of Columbia Washington, DC-VA-MD-WV $1.0

Region, 

State
56

Appendix B: SBLF Participating Community Development Loan Funds, listed by Region and State (Continued)

Community Development Loan Fund City County MSA/CBSA Name SBLF Funding 

(millions)

South Region

Georgia

Appalachian Community Enterprises, Inc. Cleveland White Rural / No MSA $0.2

Kentucky

Community Ventures Corporation Bowling Green Warren Bowling Green, KY $1.0

Federation of Appalachian Housing Enterprises, Inc. Berea Madison Rural / No MSA $2.1

Maryland

Enterprise Community Loan Fund Columbia Howard Rural / No MSA $8.8

North Carolina

Mountain BizCapital Asheville Buncombe Asheville, NC $0.2

Oklahoma

Citizen Potawatomi Community Development Corporation Shawnee Pottawatomie Shawnee, OK $0.5

South Carolina

Charleston Citywide Local Development Corporation Charleston Charleston Charleston-North Charleston-Summerville, SC $1.0

Lowcountry Housing Trust North Charleston Charleston Charleston-North Charleston-Summerville, SC $0.4

Texas

CEN-TEX Certified Development Corporation Austin Travis Austin-Round Rock-San Marcos, TX $0.5

PeopleFund Austin Travis Austin-Round Rock-San Marcos, TX $0.5

Virginia

ECDC Enterprise Development Group Arlington Arlington Washington, DC-VA-MD-WV $0.3

NCB Capital Impact Arlington Arlington Washington, DC-VA-MD-WV $8.2

Region, 

State
57

Appendix B: SBLF Participating Community Development Loan Funds, listed by Region and State (Continued)

Community Development Loan Fund City County MSA/CBSA Name SBLF Funding 

(millions)

West Region

California

California Coastal Rural Development Corporation Salinas Monterey Salinas, CA $0.9

Low Income Investment Fund San Francisco San Francisco San Francisco, CA $7.5

OBDC Small Business Finance Oakland Alameda San Francisco, CA $0.2

Opportunity Fund Northern California San Jose Santa Clara San Jose-Santa Clara, CA $2.2

Rural Community Assistance Corporation West Sacramento Yolo Sacramento-Arden-Arcade-Roseville, CA $4.3

Valley Economic Development Center, Inc. Van Nuys Los Angeles Los Angeles, CA $0.7

Colorado

Colorado Enterprise Fund, Inc. Denver Denver Denver-Aurora-Broomfield, CO $0.5

Montana

Montana Community Development Corporation Missoula Missoula Missoula, MT $0.6

Washington

ShoreBank Enterprise Group, Pacific dba Enterprise Cascadia Ilwaco Pacific Rural / No MSA $1.9

Region, 

State