Small Business Owners Encouraged to Take Federal Reserve’s Small Business Credit Survey
Small Business Owners: Make your voice heard!
The Federal Reserve Banks are conducting a national survey of existing and pre-start small business owners/managers. This survey – the Small Business Credit Survey (SBCS) helps to amplify the voices of small businesses. It tracks small business financing conditions and brings small business conditions to the attention of service providers, lenders, and policy makers. Individual responses are confidential.
The SBCS is a national sample of small businesses — those with fewer than 500 employees — aimed at providing insight into firms’ financing and debt needs and experiences. It is designed to identify potential financing challenges affecting small businesses and bring them to the attention of those who have the ability to make changes.
More than 400 chambers of commerce, small business development centers, lenders, and other technical assistance and advisory organizations have invited their members to participate in previous surveys. Firms have used information from the SBCS to advance their business goals and assist with other policy objectives.
Summary results will be shared with you. You are encouraged to take the survey today. It is estimated that it will take about only 10 minutes to complete the survey.
The survey closes Dec. 20, 2019. For questions, contact PHILFedSmallBusiness@phil.frb.org.
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