On April 16, 2019, the 12 Federal Reserve Banks issued the Small Business Credit Survey: 2019 Report on Employer Firms. The Small Business Credit Survey is a national collaboration of the 12 Reserve Banks of the Federal Reserve System that provides intelligence on small business financial needs, decisions and outcomes to policymakers, researchers and service providers. The report focuses on small employer firms, businesses that have between 1 and-499 full- or part-time payroll employees. It is the latest addition to the Reserve Banks’ hub for small business research and analysis, FedSmallBusiness.org.

Additional analyses from the 2018 Small Business Credit Survey will be released throughout 2019 at FedSmallBusiness.org.  Future releases will take an in-depth look into specific types of small businesses, including nonemployer firms, minority-owned firms, and firms operating in low- and moderate-income communities.