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Financial Services and Small Businesses

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An important user of financial services is a group of customers known as small businesses. While it is commonly thought that small businesses depend almost exclusively on commercial banks for financial services, results of a recent survey of Ohio's small businesses cast some doubt on this assumption. The survey results show that small businesses demand and receive a variety of deposit and loan services, not only from commercial banks but also from other sources.

An important user of financial services is a group of customers known as small businesses. While it is commonly thought that small businesses depend almost exclusively on commercial banks for financial services, results of a recent survey of Ohio's small businesses cast some doubt on this assumption. The survey results show that small businesses demand and receive a variety of deposit and loan services, not only from commercial banks but also from other sources.


Suggested citation: Watro, Paul R., 1982. “Financial Services and Small Businesses,” Federal Reserve Bank of Cleveland, Economic Commentary, 01.11.1982.

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