Small Businesses and the Federal Reserve
Issues affecting small firms are a priority for the Federal Reserve System. Not only are small businesses critical to the strength of local economies, but collectively they also make important contributions to national economic growth and employment. The Federal Reserve works with intermediaries to support small businesses and microenterprises, especially those in low- and moderate-income communities. Our efforts aim to strengthen collaboration across entities that provide assistance and funding to small businesses as well as support improved access to credit. In addition, we strive to foster a deeper understanding of trends and challenges facing small business owners.
Here at the Cleveland Fed, our work on these issues includes research on small business credit and capital, a regional survey of small business owners, and ongoing outreach with small business owners, bankers, and community leaders.
Learn more by browsing the resources here. You can find additional Federal Reserve System resources on small businesses at www.fedcommunities.org.
The Small Business Credit Survey (SBCS) is a national collaboration of the 12 Reserve Banks of the Federal Reserve System that provides intelligence on small business financial needs, decisions and outcomes to policymakers, researchers and service providers. According to results from the 2017 Small Business Credit Survey, small employer firms reveal more optimism and success compared to 2016, though financial challenges persist for some. Read more
Credit and Capital
- Click, Submit: New Insights on Online Lender Applicants from the Small Business Credit Survey
- Browsing to Borrow: “Mom & Pop” Small Business Perspectives on Online Lenders
- Alternative Lending through the Eyes of "Mom-and-Pop" Small-Business Owners
Small Business Lenders
- Is “Fintech” Good for Small Business Borrowers? Impacts on Firm Growth and Customer Satisfaction
- Small Business Alternative Lenders
- Rebuilding after Disaster Strikes: How Local Lenders Aid in the Recovery