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Small Business Finances

The Small Business Borrowers Poll is a semi-annual poll that asks small businesses in New York, New Jersey and Fairfield County, Connecticut, about their business performance and financial and credit experiences. The poll generally captures the perspectives of smaller firms (that typically employ fewer than 10 employees and have under $5 million in annual revenues) and is part of the Regional and Community Outreach Function's efforts to monitor local credit conditions.

2012 Small Business Borrowers Poll

Small Business Borrowers Poll Poll evidence from small business owners suggests that the recent drop in small business lending may be due in part to weaker firms self-selecting out of the credit market. However, the poll also suggests that the drop in microloans (those under $100,000) is not wholly due to lack of demand. In fact, applicants expressed strong demand for microloans—but firms also reported higher denial rates for these loans than for larger amounts. Released August 2012

New York Fed survey provides insight into regional small business credit environment August 14, 2012

2011 Small Business Borrowers Poll

Small Business Borrowers Poll Restoring health to the small business sector, and the credit necessary to support its recovery, are continuing concerns. While recent surveys indicate an easing of underwriting criteria, data also show a 10 percent decline in small business lending between Q1 2010 and Q1 2011. The extent to which this drop is due to weak demand, impaired creditworthiness, or other factors is still under discussion. Released August 2011

New York Fed announces new results from Small Business Borrowers Poll August 11, 2011

2010 Small Business Finances Poll

Small Business Finances Poll Many small businesses continue to struggle even though the recession has officially ended. According to the 2010 New York Fed Small Business Finances Poll, conducted in August 2010, 75 percent of regional firms reported being unable to secure all the credit that they sought. Released April 2011

New York Fed announces new analysis from recent study on small businesses in the region April 13, 2011

New York Fed’s new small business poll shows evidence of credit demand; cash flows for small businesses key to credit approval October 18, 2010