2013 Small Business Credit Survey
The New York Fed’s Small Business Credit Survey collects information from small businesses in New York, New Jersey and Connecticut—about their performance, financing decisions and credit experiences.
Summary of Key Findings | Smart Data for Small Business
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In October 2012, Superstorm Sandy struck the region, resulting in direct and indirect damages to local small businesses. The May 2013 Small Business Credit Survey asked businesses about their damages, insurance coverage, and disaster relief applications.
The Small Business Credit Survey (SBCS) is an establishment survey conducted by the Federal Reserve Bank of New York, reporting information about business characteristics, performance, financing choices, and borrowing experiences. The May 2013 survey also asks small businesses about their experience with Superstorm Sandy. The SBCS captures the perspectives of businesses with fewer than 500 employees in New York, New Jersey, and Connecticut. The SBCS is distributed through civic and non-profit partners, primarily Chambers of Commerce, but also industry associations, and development corporations/authorities.
In total, there were 812 responses to the survey fielded from February 25, 2013 to April 5, 2013. The number of responses to each individual question varied, based on relevance. Results are weighted to reflect the full population of small businesses in the tri-state region, along the dimensions of industry, age, employee size, and geography.Methodology
The Federal Reserve Bank of New York's Office of Regional and Community Outreach asks small businesses about their business performance, financing choices, and borrowing experiences. The survey was conducted online and distributed through a network of local government and nonprofit partners.