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Fifth District Small Businesses Struggle With Operational and Financial Challenges

The challenges that small businesses faced in the Federal Reserve's Fifth District were similar to the challenges that firms faced nationwide in the 2021 Small Business Credit Survey (SBCS), which are detailed in the national report on employer firms. This Regional Matters post focuses on responses from firms in the Fed’s Fifth District. Across the Fifth District, the SBCS results found that respondent small businesses continued to face challenges in 2021 as they balanced uneven cash flows and paid operating expenses while struggling with supply chain issues and hiring.