Skip to main content

2016 Small Business Credit Survey

The Small Business Credit Survey (SBCS) is a national collaboration of the 12 Reserve Banks of the Federal Reserve System. The survey (full questionnaire here) gathers perspectives on small business conditions, and financing needs, decisions, and outcomes, and provides valuable insight to policymakers, researchers, and service providers. The 2016 SBCS, conducted between September and December of 2016, collected responses from more than 15,000 firms in all 50 states. For more information and background on the SBCS, click here.


2016 Small Business Credit Survey: Report on Women-owned Firms

pdf report | appendix data

Women-owned small businesses with full- or part-time employees make up 20 percent of all small employer firms and are a growing segment of US businesses. Results from the 2016 Small Business Credit Survey show that women-owned firms generally start small, stay small, and depend on small-denomination credit.


2016 Small Business Credit Survey: Report on Microbusinesses: Nonemployer and Small Employer Firms

pdf report | appendix data

The fourth in a series of reports based on the 2016 Small Business Credit Survey (SBCS), this report details findings on the financing experiences and outcomes of the smallest firms in the US. Microbusinesses—a category of small firms comprising both nonemployer firms and firms with fewer than 5 employees—account for 9 in 10 firms in the US. The SBCS finds that microbusinesses face greater challenges than larger small firms and are less able to access financing.


2016 Small Business Credit Survey: Report on Minority-owned Firms

pdf report | appendix data

This report is the third in a series of reports based on the 2016 SBCS, offering unique insight into important, often underserved, segments of the small business population. Results show that minority-owned firms are discouraged (i.e., they did not apply for new funding because they did not think they would be approved) at much higher rates than nonminority-owned firms. In addition, while not controlling for all firm characteristics, the reported credit outcomes of survey respondents differ by race and credit risk.


2016 Small Business Credit Survey: Report on Startup Firms

pdf report

Startups—small businesses that were five-years-old or younger in 2016 with full- or part-time employees—make up 34% of all small employer firms and are drivers of U.S. job growth. Results from the Small Business Credit Survey show that while startups have stronger growth and more optimism than mature firms, they have greater credit risk and experience more financial challenges.


2016 Small Business Credit Survey: Report on Employer Firms

pdf report | appendix data | infographic | State-Level Results in the Fourth District

Results from the 2016 survey showed that while many small businesses with employees were profitable and optimistic in 2016, a significant majority faced financial challenges, experienced funding gaps and relied on personal finances. The survey finds persistent credit gaps for the smaller-revenue firms (annual revenues of $1M or less), stemming in part from weak credit scores and insufficient credit histories.


Check here for related Small Business content, including analyses, other credit-survey results, commentary, and more.

Upcoming EventsSEE ALL

  • 05.17.18

    Inflation: Drivers & Dynamics Conference 2018

    CALL FOR PAPERS Researchers from academia and central banks exchange ideas on modeling inflation and inflation expectations and their relationship to the macroeconomy.

  • 06.25.18

    International Journal of Central Banking Conference

    CALL FOR PAPERS The International Journal of Central Banking (IJCB) is organizing its 2018 annual conference, "Ten Years after the Global Financial Crisis: What Have We Learned about Ensuring Financial Stability?" The conference will be hosted by De Nederlandsche Bank (DNB) in Amsterdam, The Netherlands, on June 25-26, 2018, and is being organized by Tobias Adrian, Harrison Hong, Luc Laeven, and Loretta Mester.