Banks subject to the Community Reinvestment Act annually report information on their small business lending activity to the Federal Financial Institutions Examination Council (FFIEC). Focusing specifically on loans to businesses with gross annual revenues of $1 million or less, lending in the U.S. over the past 10 years peaked in 2007, had fallen by more than half by 2010, and had risen by 15 percent from this trough by 2013. For the 60 counties in the Third District, total loan volume recovered more robustly between 2010 and 2013 (19 percent), but as the map shows, the recovery was uneven. In some counties, lending to small businesses continued to fall during this period, while in others, particularly those around Philadelphia and in northeastern Pennsylvania, this portion of small business lending increased by more than 30 percent.
Small businesses in Ocean County, NJ, attracted more loans in 2013 than did small businesses in any other county in the Third District. Small businesses in Montgomery County, PA, claimed the greatest loan volume, while the average loan size was highest in Blair County, PA.