Report findings8/14/2023 For the first time since the 2020 survey, firms in the SBCS were more likely to report that revenues and employment levels increased rather than decreased in the past 12 months, and the share of firms reporting that they were operating profitably rose substantially year-over-year. While the 20 surveys highlighted the devastating effects of the pandemic on small employer firms, the 2022 survey shows promising signs that some trends are returning to prepandemic norms. In 2022, the survey reached nearly 8,000 employer small businesses, collecting information about the performance, challenges, and credit-seeking experiences of firms across the United States.įielded September through November 2022, the most recent SBCS was the third conducted since the COVID-19 pandemic began in early 2020. The Illinois Catholic dioceses serve 3.4 million Catholics, comprising approximately 27 percent of the total state population, through more than 900 parishes.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.
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