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The analysis below is based on the Small Business Credit Survey. It examines the state of small businesses, often using data gathered by the Survey combined with data from other reputable sources. It also can include analysis co-authored with partners, such as the Small Business Administration, Stanford University, and Interise.

by Brianna Funderburk and Lucas Misera
November 15, 2022
The 2021 Small Business Credit Survey (SBCS) found that 1 in 10 small employer businesses suffered losses from a natural disaster during the prior 12 months.
by Jessica Battisto, Nathan Godin, Claire Kramer Mills, Ph.D., and Asani Sarkar, Ph.D.
May 27, 2021
Fintech providers were a key channel in reaching minority-owned firms, the smallest of small businesses, and borrowers most affected by the coronavirus pandemic.
by Jessica Battisto, Nathan Godin, Claire Kramer Mills, Ph.D., and Asani Sarkar, Ph.D.
May 27, 2021
While financial technology lenders disbursed only a small share of total loan amounts in 2020, they provided important support to minority business owners, who have in the past been underserved by the traditional banking industry.
by Claire Kramer Mills, Ph.D. and Jessica Battisto, Federal Reserve Bank of New York; and Felicia Brown and Susan Weinstock, AARP
March 30, 2021
Older entrepreneurs are the majority of small business owners, yet they faced outsized challenges this year, including business closures, depletion of personal assets, and weakened revenue streams. These impacts were even more pronounced for older entrepreneurs of color.
by the Federal Reserve Board of Governors and the Federal Reserve Banks of Atlanta, Cleveland, and New York
November 4, 2019
Small businesses need access to a variety of credit sources but face a host of challenges in getting the financing they need.
Report cover of Latino-Owned Businesses: Shining a Light on National Trends
by Claire Kramer Mills, Ph.D., Jessica Battisto, and Scott, Lieberman, Federal Reserve Bank of New York; Marlene Orozco and Iliana Perez, Ph.D., Stanford Latino Entrepreneurship Initiative; and Nancy S. Lee, Ph.D., Interise
November 13, 2018
Latinos start one in four new businesses in the U.S., contributing more than $700 billion in sales to the economy annually. How are they faring financially?
by Sid Sankaran, Small Business Administration, and Jessica Battisto, Federal Reserve Bank of New York
November 8, 2018
As the rate of veteran entrepreneurship drops, 60% of veteran-owned businesses reported financing shortfalls.
by Alicia Robb and Mels de Zeeuw, Federal Reserve Bank of Atlanta, and Brett Barkley, Federal Reserve Bank of Cleveland
October 12, 2018
Black-owned firms are less likely to receive approval for financing when compared with otherwise similar white-owned firms.
Federal Reserve Bank of New York
September 27, 2018
Small businesses in Puerto Rico make up 99.7% of all business establishments on the island. How did they fare in 2017?
Federal Reserve Bank of New York
September 27, 2018
Seventy-seven percent of Puerto Rico small businesses reported having incurred a loss directly from hurricanes Irma and Maria.
by Emily Engel, Business Economist and Mark O’Dell, Senior Research Analyst; edited by Michael Berry, Policy Advisor, Federal Reserve Bank of Chicago
June 5, 2018
In the Federal Reserve Seventh District, which includes parts of Illinois, Indiana, Iowa, Michigan, and Wisconsin, one of the most notable findings from the Small Business Credit Survey is the predominance of older firms among survey respondents and the small number of newer firms relative to the country as a whole.
by William C. Dudley, Federal Reserve Bank of New York
May 22, 2018
A look at the importance of small business to the U.S. economy, the key challenges they face, and how we can help them grow in today's evolving economy.