The 2024 survey is now open
We are seeking your feedback
Your anonymous survey response to the Small Business Credit Survey will help the Federal Reserve share vital information on the current business climate. The survey takes 10–12 minutes to complete and is open to all for-profit businesses with fewer than 500 employees.
![](/https/www.fedsmallbusiness.org/-/media/project/clevelandfedtenant/fsbsite/reports/2024/20240820_sbcs_report.png?w=364&hash=6E178FA386A4C287DB7066EFF5B8335B)
From Short-Term Relief to Long-Term Hardship: Some Small Businesses Struggle with Debt Burdens from COVID-19 Economic Injury Disaster Loans
Numerous small businesses turned to the government's Economic Injury Disaster Loan program to weather the most challenging days of the pandemic. But some of these firms are struggling with the resulting debt burdens.
![Two small business owners and a main street in an American small town](/https/www.fedsmallbusiness.org/-/media/project/clevelandfedtenant/fsbsite/homepage/sbcs-2024-firms-in-focus.png?w=364&hash=E35B0597C236461BBE813F36A26E28E2)
2024 Firms in Focus chartbooks on small business data
These 43 chartbooks help researchers easily compare small business data. They break down the data from the Federal Reserve’s 2023 Small Business Credit Survey by business characteristics, owner demographics, and geographic location (states and metropolitan statistical areas).
![Employees working together in an office](/https/www.fedsmallbusiness.org/-/media/project/clevelandfedtenant/fsbsite/reports/2024/sbcs-2024-report-page.png?w=364&hash=83D21CABE71F6D1A50CACEF2657E6DB6)
2024 Report on Employer Firms
Firm revenue and employment growth held mostly steady between 2022 and 2023 but lagged prepandemic levels. Application rates for financing declined, and approvals remained little changed.