Debt burdens from COVID-19 Economic Injury Disaster Loans
From short-term relief to long-term hardship
Small businesses with outstanding COVID-19 Economic Injury Disaster Loans were more likely than those without them to experience challenges making payments on debt during the year leading up to the survey and were less likely to be profitable.
2024 Firms in Focus chartbooks on small business data
These 43 chartbooks help researchers easily compare small business data. They break down the data from the Federal Reserve’s 2023 Small Business Credit Survey by business characteristics, owner demographics, and geographic location (states and metropolitan statistical areas).
2024 Report on Employer Firms
Firm revenue and employment growth held mostly steady between 2022 and 2023 but lagged prepandemic levels. Application rates for financing declined, and approvals remained little changed.
2023 Report on Startup Firms Owned by People of Color
Startup firms owned by people of color were more likely than white-owned startups to expect to add employees in next year but less likely to be approved for financing.
2023 Report on Nonemployer Firms
Nonemployer firms are less likely to be profitable than their employer firm counterparts, and they face more substantial challenges accessing credit.
2023 Firms in Focus
Firms in Focus is a series of chartbooks presenting Small Business Credit Survey data across various business and owner demographic characteristics, as well as by state and metropolitan statistical area (MSA).
2023 Report on Employer Firms
Small business revenue, employment, and profitability each improved from 2021, but expectations worsened year-over-year. With the end of pandemic-related funding programs, the application rate for traditional financing rebounded to prepandemic levels.