Small Business Credit Survey 2022 Report on Employer Firms

The Small Business Credit Survey 2022 Report on Employer Firms examines the findings of an annual, nationwide survey of small-business owners. The report provides data about small firms’ performance, financing and credit experiences, and expectations for the next 12 months.

Key findings include

  • Revenue and employment improved since 2020, but performance largely lags prepandemic levels.
  • More than half of firms were in fair or poor financial condition at the time of the survey, and nearly all firms faced at least one operational or financial challenge in the prior 12 months.
  • Pandemic-related financial assistance programs were widely used in 2021, although their use declined since early in the pandemic.
  • Application rates for traditional financing were lower in 2021 than in recent years, and those that did apply were less likely to receive the financing they sought.


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