Small Business Credit Survey: Used Owner's Personal Funds in Response to Financial Challenge: Employer Firms With 1 to 4 Employees (SBCSS1B2V1FRB)

Source: Federal Reserve Banks (Fed Small Business)  

Release: Small Business Credit Survey  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Annual

The Small Business Credit Survey (SBCS) is an annual survey of firms with fewer than 500 employees that is fielded from approximately September through November each year. The SBCS is not a random sample; results should be analyzed with awareness of potential biases that are associated with convenience samples.

This series is based on the question: “What actions, if any, did your business take to deal with the financial challenges? Select all that apply.” and is the share of firms reporting at least one financial challenge that selected “used personal funds” in response to a question about how the business dealt with their challenges. Respondents could select multiple options. The set of response options presented in this question varied somewhat by survey year to reflect changing trends, though the “use personal funds” option remained unchanged. The question was not included in the 2016 and 2019 surveys.

See SBCS questionnaires for detailed information on the questions in the survey.