Small Business Credit Survey - 2023 Report on Firms Owned by People of Color

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Small Business Credit Survey - 2023 Report on Firms Owned by People of Color

06/16/2023
MBDA Research

[PDF-705.23 KB]

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Corporate Authors:

Federal Reserve Banks of Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis ; New York, Philadelphia, Richmond, St. Louis, and San Francisco

Federal Reserve Banks of Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis ; New York, Philadelphia, Richmond, St. Louis, and San Francisco Less -
Description:

The Small Business Credit Survey (SBCS), a collaboration of all 12 Federal Reserve Banks, provides timely information about small business conditions to policymakers, service providers, and lenders. While the COVID-19 pandemic was an especially challenging time for small businesses across the United States, researchers have noted a possible surge in new businesses during that time. This may have been the case particularly among people of color, as data from the US Census Bureau’s Current Population Survey suggest the number of incorporated, self-employed persons of color rose approximately 13% from January 2020.
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8
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Report
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urn:sha-512:6a689f28ea1b18da943f7feae8431ec065bc321fbb731d9acb6812dce4d9280b13b51e78a43c085c678bbe13aa2260f4e165a3b8c2cb6356be404385cee62242
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Small Business Credit Survey - 2023 Report on Firms Owned by People of Color

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