Small Business Credit Survey (SBCS)
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Surveys highlight Black-owned small businesses’ credit access challenges; study hints at a fairer approach
Automated underwriting processes used by some lenders may have reduced racial disparities in accessing the Paycheck Protection Program.
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How the Fed’s ‘trove of data’ underscores the importance of small business credit access
Access to credit is vital for small businesses. The Federal Reserve’s annual Small Business Credit Survey provides critical data and insights for policymakers, small business support program managers.