Small Business Credit Survey: Third District Insights
Economic Growth and Mobility Project Intern
How did the Third District’s small businesses fare in 2019 and 2020? This brief breaks down key data points that illustrate performance and challenges faced by this group based on data from the Small Business Credit Survey.
The Small Business Credit Survey is a national sample of small businesses, or firms with fewer than 500 employees, aimed at providing insight into firms' financing and debt needs and experiences. Analysis of this data set is issued through a series of reports.
The COVID-19 pandemic prompted an increase in safety protocols such as curfews, social distancing measures, and even lockdowns of business and residential activity that have constrained economic activity.