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Key Findings from the Federal Reserve's
2014 Joint Small Business Credit Survey

Registration for this event is now closed.

2 - 3 p.m. (CT) | Thursday, April 30, 2015 | Webinar
3 - 4 p.m. (ET) | Thursday, April 30, 2015 | Webinar

Small businesses are important to the U.S. economy and the well-being of local communities. They employ half of the nation's private-sector workers and in recent decades have created two-thirds of net new jobs. Yet unlike large firms, which rebounded relatively quickly from the Great Recession, the pace of recovery for small firms has been slower and more uneven.

An important part of measuring the small-business recovery is tracking firms’ demand for and ability to access capital. The Joint Small Business Credit Survey—a collaboration between the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia—attempts to capture changing aspects affecting small-business credit demand and access to capital. Responses from small businesses in Alabama, Connecticut, Florida, Georgia, Louisiana, New Jersey, New York, Ohio, Pennsylvania and Tennessee were captured as part of this effort.

Members of the Joint Small Business Credit Survey team will discuss survey results and present findings that provide insight into the dynamics behind aggregate lending trends. They also will shed light on noteworthy segments of the small-business credit market, including small-dollar borrowers.

Speakers include:

  • Claire Kramer Mills, Assistant Vice President, Federal Reserve Bank of New York
  • Theresa Singleton, Vice President, Federal Reserve Bank of Philadelphia

Participation in this webinar is free; however, advance registration is required. Register for this session at the Connecting Communities® website.

For more information, please email

The Connecting Communities® webinar series is a Federal Reserve System initiative intended to provide a national audience with timely information on emerging and important community and economic development topics. The webinar series complements existing Federal Reserve community development outreach initiatives that are conducted through Reserve Bank regional offices and at the Federal Reserve Board of Governors in Washington, D.C.