This Alert updates previous Woodstock Institute research on trends in small business lending. It uses 2001 CRA small business lending data to analyze the distribution of Chicago area small business finance. Since 1996, large banks have reported small business lending data to federal bank regulators under the Community Reinvestment Act. A small business loan is considered a loan less than $1 million to a business of any size. There is also a category for small business loans to businesses with revenues under $1 million, or very small businesses (VSBs).