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Small Business Credit Survey: Had Outstanding Debt: White-Owned Employer Firms (SBCSS11B1V1FRB)

Observations

2025: 70
Updated: Jul 30, 2026 2:07 PM CDT
2025:  70  
2024:  72  
2023:  71  
2022:  72  
2021:  74  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Annual

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Notes

Title Release Dates
Small Business Credit Survey: Had Outstanding Debt: White-Owned Employer Firms 2026-03-03 2026-03-03
 
Source    
Federal Reserve Banks (Fed Small Business) 2026-03-03 2026-03-03
 
Release    
Small Business Credit Survey 2026-03-03 2026-03-03
 
Units    
Percent 2026-03-03 2026-03-03
 
Frequency    
Annual 2026-03-03 2026-03-03
 
Seasonal Adjustment    
Not Seasonally Adjusted 2026-03-03 2026-03-03
 
Notes    
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: “Does your business have any debt outstanding?” and is the share of firms with outstanding debt at the time of the survey. Respondents were instructed to consider funds borrowed from external parties, including formal borrowing from financial institutions and loans from friends and family. In the 2020 and 2021 surveys, respondents were instructed to exclude loans they expected would be forgiven from their outstanding debt (for example, Paycheck Protection Program loans).

See SBCS questionnaires (https://www.fedsmallbusiness.org/our-data/questionnaires) for detailed information on the questions in the survey.

SBCS terminology and definitions can be found here (https://www.fedsmallbusiness.org/our-data/terminology-and-definitions).

2026-03-03 2026-03-03

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Small Business Credit Survey

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Federal Reserve Banks (Fed Small Business) Small Business Credit Survey Small Business White Employer Firms Debt Copyrighted: Citation Required Annual Nation United States of America Not Seasonally Adjusted