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=== 2023 === | === 2023 === | ||
==== Employer Firms ==== | |||
The 2022 SBCS yielded 7,864 responses from a nationwide convenience sample of small employer firms with 1–499 full- or part-time employees (hereafter “firms”) across all 50 states and the District of Columbia. <ref>https://www.fedsmallbusiness.org/survey/2023/report-on-employer-firms</ref> | |||
* Performance indices for revenue and employment growth increased from lows in the 2020 survey. Still, both performance indices remain substantially beneath those from prepandemic surveys. | |||
* Share of firms operating at a profit rose from 35% in the 2021 survey to 45% in the 2022 survey. | |||
* Year-over-year, firms’ self-reported financial condition remains little-changed from 2021. Seventeen percent of firms reported that they were in “very good” or “excellent” financial condition, 19% were in "poor" condition. | |||
* Between 2021 and 2022, the net share of firms expecting revenue growth in the next 12 months fell from 42% to 35% and remains significantly below prepandemic levels. | |||
* The net share of firms anticipating growth in employment levels also declined, falling from 31% in 2021 to 27% in 2022. | |||
* Share of firms with outstanding debt has nearly returned to prepandemic levels (26%), the share of firms holding larger amounts of debt—more than $100K—remains higher than in 2019. (40% vs 31%). | |||
* 40% of employer firms sought loans, lines of credit, or cash advances in the prior 12 months. 34%of employer firms sought pandemic-related financial assistance in the prior 12 months. | |||
== Other Surveys == | == Other Surveys == | ||