2019 Small Business Credit Survey

The Survey Provides Critical Information

The 12 Reserve Banks of the Federal Reserve System launched the annual Small Business Credit Survey (SBCS) to provide timely insights on small business conditions to policy makers, service providers, and lenders. The survey is a national sample of small businesses, or firms with fewer than 500 employees, aimed at providing insight into firms’ financing and debt needs and experiences. Its reports focus attention on growing and changing segments of the small business market, including startups, minority-owned firms, women-owned firms, rural firms, and the self-employed and gig workers.

The Survey Is Timely and Responsive

The SBCS provides insights on financing needs and gaps. The survey tracks a fixed set of questions on business financing needs, credit applications, and credit outcomes over time. The survey also contains special topics modules, which vary on an annual basis. In 2017, special topics focused on hiring experiences and disaster recovery. The survey is fielded annually late in the third quarter and fourth quarter, and reports are issued on a rolling basis beginning late in the first quarter of the following year.

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Source: Small Business Credit Survey, Federal Reserve Banks.