Report to the Congress on the Availability of Credit to Small Businesses
Submitted to the Congress pursuant to section 2227 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996
October 2007
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Figure 4
Total Debt of Partnerships and Proprietorships
| Type of debt | 2002 | 2003 | 2004 | 2005 | 2006 | 2007:Q1 |
|---|---|---|---|---|---|---|
| Total debt | 2,107 | 2,199 | 2,443 | 2,769 | 3,090 | 3,159 |
| Mortgages | 1,550 | 1,625 | 1,844 | 2,118 | 2,370 | 2,422 |
| Bank loans1 | 430 | 442 | 466 | 516 | 571 | 585 |
| Other loans2 | 127 | 132 | 133 | 135 | 149 | 152 |
| Memo: Trade debt |
281 | 255 | 277 | 310 | 337 | 343 |
Note. Debt outstanding at end of period.
1. Extended without real estate as collateral. Return to table
2. Loans from finance companies and all other nonmortgage loans that are not extended by banks. Return to table
Source. Federal Reserve Board, flow of funds accounts.
| Year | Bank loans | Total |
|---|---|---|
| 1980 | 3.37 | 13.71 |
| 1981 | 13.55 | 12.41 |
| 1982 | -11.13 | 11.54 |
| 1983 | -0.60 | 13.89 |
| 1984 | 22.31 | 20.42 |
| 1985 | 6.67 | 14.20 |
| 1986 | 4.64 | 11.03 |
| 1987 | 10.43 | 7.93 |
| 1988 | 7.55 | 9.98 |
| 1989 | 9.71 | 4.42 |
| 1990 | 1.53 | -0.65 |
| 1991 | -1.04 | -2.99 |
| 1992 | 2.00 | -2.99 |
| 1993 | 1.84 | -1.99 |
| 1994 | 9.82 | 0.80 |
| 1995 | 6.97 | 4.54 |
| 1996 | 17.53 | 6.46 |
| 1997 | 22.62 | 8.38 |
| 1998 | 10.43 | 14.68 |
| 1999 | 19.34 | 13.83 |
| 2000 | 15.49 | 12.31 |
| 2001 | 12.19 | 9.03 |
| 2002 | 6.20 | 7.56 |
| 2003 | 2.63 | 4.37 |
| 2004 | 5.49 | 11.13 |
| 2005 | 10.78 | 13.33 |
| 2006 | 10.60 | 11.59 |
| 2007:Q1 | 9.91 | 8.88 |
Note. Shaded bars indicate periods of recession: 1981:Q3-1982:Q3, 1990:Q3-1991:Q1, 2001:Q1-2001:Q4. Data are annual. Data for 2007 are based on Q1 only.
Source. Federal Reserve Board, flow of funds accounts.