Using data from the Fed's Small Business Credit Survey: Employer Businesses 2023 Report, the four summaries provide a snapshot of the small business landscape across each state in the Third District (Delaware, New Jersey, and Pennsylvania). Masu. These short, graphic reports focus on survey responses from across the states in New Jersey, Pennsylvania, the Philadelphia-Camden-Wilmington metropolitan statistical area, and the Third District, respectively.
This overview shows what companies in the region reported in 2022.
- overall financial situation
- Apply for financing.and
- Biggest financial and operational challenges.
The summary also provides a comparison with what small businesses reported to the survey in 2021.
The Federal Reserve Small Business Credit Survey is a national sample of small businesses, or businesses with fewer than 500 employees, designed to provide insight into businesses' financing and debt needs and experiences. The Fed conducted the survey from September to November 2022, and approximately 8,000 people across the United States responded.