The Federal Reserve Banks’ Small Business Credit Survey 2020 Report on Employer Firms examines findings of a national survey of small business owners fielded in late 2019. As policymakers implement programs to help small businesses weather the effects of the COVID-19 outbreak, this report provides important baseline data on small firms’ performance, financing positions, and relationships with lending institutions prior to the onset of the crisis. Read More  

Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites

The information available to prospective borrowers on small business online lender websites varies widely, and it is not unusual for lenders to detail terms in footnotes, fine print, or frequently asked questions (FAQs). Read more.  

Click, Submit 2.0: An Update on Online Lender Applicants from the Small Business Credit Survey

Though they represent a small share of total small-business lending, nonbank online lenders are a growing source of small-dollar credit for small businesses. Which businesses sought funds through online sources? How successful were their borrowing experiences? Find out  

Pittsburgh—Employment Steadily Advancing

Employment in the Pittsburgh metro area expanded at a slow and steady pace, and the unemployment rate declined slightly. The healthcare, construction, and manufacturing sectors accounted for most of the net job gains. Read More  

Pittsburgh—Job Market Strengthens

Adding enough jobs to accommodate a larger labor force is just one way the Pittsburgh metro area’s economy strengthened: Both GDP per capita and income per capita rose, too. Read More