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posted on 17 May 2017

Hot Topic: Small Businesses Face Funding Challenges

from the Richmond Fed

Most small businesses are profitable and optimistic, but a majority of them face financial challenges, according to a recent survey by the 12 regional Federal Reserve banks.

The Small Business Credit Survey: Report on Employer Firms" found that 61 percent of small businesses that have full- or part-time employees faced financial challenges such as trouble accessing credit or difficulty meeting operating costs. The challenges were even more pronounced for the smallest businesses.

Emily Wavering, Richmond Fed community development research analyst, gives a brief summary of the report’s findings in the video below.

More than 10,300 small businesses participated in the nationwide survey, which collected information about business performance,financing needs, and borrowing choices and eperiences of firms with 500 or fewer employees.

>>>>> Scroll down to view and make comments <<<<<<

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