Small Business Credit Survey

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Small Business Credit Survey

The Schaumburg Business Association is partnering with the Federal Reserve to conduct a Small Business Credit Survey for both pre-start and existing businesses in Schaumburg. This survey is a platform through which small businesses can have a voice about their growth

The Survey is designed to understand small business financing conditions and bring the current financial climate to the attention of service providers, lenders, and policy makers to address any challenges that are facing Schaumburg’s small businesses.

With nearly 80% of the Schaumburg Business Association’s membership being a “small business” the SBA wants to make sure that our businesses have their perspective accounted for in this national effort.

The survey highlights the experiences of small businesses and provides critical information that service providers, policymakers, and lenders use to improve programs for small business owners. The intelligence collected from the survey is being featured prominently in discussions about:

By partnering with the Federal Reserve Banks, the SBA is seeking to contribute both to the national discussion and to understand the local challenges and programmatic needs of small business right here in Schaumburg.

The results are shared with survey respondents and community partners that distribute the survey. Visit FedSmallBusiness.org to view reports focused on Employer Firms, Disaster Affected Firms, and Hiring Difficulties, as well as reports from previous years.

Further, with your participation, the SBA will receive a Schaumburg-specific report that we will use to address challenges expressed by our small businesses and leverage this information for our continued economic development efforts.

This short survey will take approximately 9 minutes and will ask about business conditions, financing needs, and credit experiences. If you have any questions you can contact the SBA or you can participate by following the link.

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