ASBA




Small Business Loan Reductions and Jobs Lost Due to Bush Cuts (FY2003 )

State Small Business Loans Cut^ Small Business Jobs Lost^^
AK $6.1 million 183
AL $35.5 million 1,073
AR $39.2 million 1,188
AZ $186.1 million 5,638
CA $1,285.3 million 38,948
CO $177.4 million 5,376
CT $75.5 million 2,290
DC $10 million 302
DE $12.1 million 367
FL $362.1 million 10,970
GA $226.6 million 6,866
GU $4 million 122
HI $11.4 million 344
IA $39.7 million 1,204
ID $33.9 million 1,028
IL $140.3 million 4,252
IN $84.3 million 2,555
KS $47.7 million 1,446
KY $39 million 1,181
LA $65.5 million 1,986
MA $121.8 million 3,693
MD $89.3 million 2,706
ME $23.5 million 710
MI $153.9 million 4,663
MN $156.6 million 4,747
MO $95.3 million 2,886
MP* $.122 million 4
MS $74.4 million 2,253
MT $45.1 million 1,367
NC $83.9 million 2,542
ND $26.1 million 788
NE $32.7 million 991
NH $31.6 million 957
NJ $273.8 million 8,298
NM $37.8 million 1,148
NV $42.3 million 1,281
NY $276.8 million 8,388
OH $167.5 million 5,073
OK $66.1 million 2,002
OR $79.2 million 2,399
PA $224.9 million 6,812
PR* $40.4 million 1,225
PW* $.046 million 1
RI $40.2 million 1,218
SC $43.9 million 1,333
SD $15.5 million 471
TN $58.1 million 1,761
TX $584 million 17,702
UT $63.3 million 1,918
VA $99.1 million 3,007
VI* $1.1 million 34
VT $17.3 million 524
WA $141.7 million 4,294
WI $116.7 million 3,534
WV $20 million 605
WY $12.7 million 383
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Total $6.2 Billion in Lost Capital 189,037 Jobs

^Projected from FY 2002 actual loan data through 8/31/02 - Source: U.S. Small Business Administration.
^^ Based on SBA projection that one small business job is created or retained for each $33,000 loaned.
*GU - Guam, MP - Northern Mariana Islands, PR - Puerto Rico, PW - Palau, VI - Virgin Islands

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