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 6
Credit Availability to Small Businesses, 1990-2007
| Quarter | Percent |
|---|---|
| 1990:Q1 | 12.16 |
| 1990:Q2 | 12.00 |
| 1990:Q3 | 11.93 |
| 1990:Q4 | 11.85 |
| 1991:Q1 | 11.90 |
| 1991:Q2 | 11.17 |
| 1991:Q3 | 10.98 |
| 1991:Q4 | 10.46 |
| 1992:Q1 | 9.81 |
| 1992:Q2 | 9.32 |
| 1992:Q3 | 8.82 |
| 1992:Q4 | 8.71 |
| 1993:Q1 | 8.73 |
| 1993:Q2 | 8.56 |
| 1993:Q3 | 8.31 |
| 1993:Q4 | 8.45 |
| 1994:Q1 | 8.25 |
| 1994:Q2 | 8.31 |
| 1994:Q3 | 9.13 |
| 1994:Q4 | 9.51 |
| 1995:Q1 | 10.04 |
| 1995:Q2 | 10.41 |
| 1995:Q3 | 10.50 |
| 1995:Q4 | 10.30 |
| 1996:Q1 | 10.10 |
| 1996:Q2 | 9.90 |
| 1996:Q3 | 10.10 |
| 1996:Q4 | 10.10 |
| 1997:Q1 | 9.90 |
| 1997:Q2 | 9.98 |
| 1997:Q3 | 10.10 |
| 1997:Q4 | 10.00 |
| 1998:Q1 | 10.10 |
| 1998:Q2 | 9.90 |
| 1998:Q3 | 9.80 |
| 1998:Q4 | 9.80 |
| 1999:Q1 | 9.30 |
| 1999:Q2 | 8.90 |
| 1999:Q3 | 9.30 |
| 1999:Q4 | 9.60 |
| 2000:Q1 | 9.60 |
| 2000:Q2 | 9.90 |
| 2000:Q3 | 10.30 |
| 2000:Q4 | 10.30 |
| 2001:Q1 | 10.30 |
| 2001:Q2 | 9.70 |
| 2001:Q3 | 8.80 |
| 2001:Q4 | 8.20 |
| 2002:Q1 | 7.20 |
| 2002:Q2 | 7.20 |
| 2002:Q3 | 6.90 |
| 2002:Q4 | 6.90 |
| 2003:Q1 | 6.50 |
| 2003:Q2 | 6.10 |
| 2003:Q3 | 6.00 |
| 2003:Q4 | 5.90 |
| 2004:Q1 | 5.90 |
| 2004:Q2 | 6.50 |
| 2004:Q3 | 5.90 |
| 2004:Q4 | 6.20 |
| 2005:Q1 | 7.40 |
| 2005:Q2 | 7.30 |
| 2005:Q3 | 7.80 |
| 2005:Q4 | 8.10 |
| 2006:Q1 | 8.10 |
| 2006:Q2 | 8.50 |
| 2006:Q3 | 8.97 |
| 2006:Q4 | 8.97 |
| 2007:Q1 | 9.23 |
| 2007:Q2 | 9.20 |
Note. Data are quarterly.
Source. National Federation of Independent Business.
| Quarter | Small firms | Large firms |
|---|---|---|
| 1990:Q2 | 52.60 | 56.90 |
| 1990:Q3 | 33.90 | 39.45 |
| 1990:Q4 | 41.00 | 48.90 |
| 1991:Q1 | 32.00 | 36.00 |
| 1991:Q2 | 6.90 | 15.50 |
| 1991:Q3 | 8.70 | 12.25 |
| 1991:Q4 | 5.20 | 9.00 |
| 1992:Q1 | 0.00 | 5.25 |
| 1992:Q2 | -7.30 | 0.90 |
| 1992:Q3 | -1.70 | -1.70 |
| 1992:Q4 | -5.40 | 4.35 |
| 1993:Q1 | -1.80 | 2.65 |
| 1993:Q2 | -1.80 | -7.85 |
| 1993:Q3 | -11.70 | -19.45 |
| 1993:Q4 | -8.50 | -17.75 |
| 1994:Q1 | -12.30 | -12.95 |
| 1994:Q2 | -8.90 | -12.20 |
| 1994:Q3 | -7.00 | -6.95 |
| 1994:Q4 | -17.50 | -17.40 |
| 1995:Q1 | -5.30 | -6.85 |
| 1995:Q2 | -6.90 | -5.90 |
| 1995:Q3 | -1.80 | -6.05 |
| 1995:Q4 | -1.80 | -3.45 |
| 1996:Q1 | 3.50 | 6.95 |
| 1996:Q2 | 1.80 | -0.90 |
| 1996:Q3 | -1.90 | -3.70 |
| 1996:Q4 | -12.20 | -7.80 |
| 1997:Q1 | -5.30 | -5.45 |
| 1997:Q2 | -3.50 | -6.95 |
| 1997:Q3 | -1.90 | -5.70 |
| 1997:Q4 | -3.50 | -7.00 |
| 1998:Q1 | 1.90 | 1.80 |
| 1998:Q2 | -1.80 | -7.10 |
| 1998:Q3 | -5.20 | 0.00 |
| 1998:Q4 | 14.80 | 36.40 |
| 1999:Q1 | 3.70 | 7.40 |
| 1999:Q2 | 8.30 | 10.00 |
| 1999:Q3 | 1.90 | 5.40 |
| 1999:Q4 | 1.90 | 9.10 |
| 2000:Q1 | 9.40 | 10.90 |
| 2000:Q2 | 21.40 | 24.60 |
| 2000:Q3 | 23.60 | 33.90 |
| 2000:Q4 | 27.30 | 43.80 |
| 2001:Q1 | 45.40 | 59.70 |
| 2001:Q2 | 36.40 | 50.90 |
| 2001:Q3 | 31.60 | 40.40 |
| 2001:Q4 | 40.40 | 50.90 |
| 2002:Q1 | 41.80 | 45.40 |
| 2002:Q2 | 14.50 | 25.00 |
| 2002:Q3 | 5.50 | 21.40 |
| 2002:Q4 | 18.20 | 20.00 |
| 2003:Q1 | 13.80 | 22.00 |
| 2003:Q2 | 12.70 | 8.90 |
| 2003:Q3 | 3.50 | 3.50 |
| 2003:Q4 | -1.80 | 0.00 |
| 2004:Q1 | -10.90 | -17.90 |
| 2004:Q2 | -19.60 | -23.20 |
| 2004:Q3 | -3.70 | -20.00 |
| 2004:Q4 | -18.20 | -21.10 |
| 2005:Q1 | -12.90 | -23.60 |
| 2005:Q2 | -24.10 | -24.10 |
| 2005:Q3 | -11.10 | -16.70 |
| 2005:Q4 | -5.30 | -8.80 |
| 2006:Q1 | -7.10 | -10.70 |
| 2006:Q2 | -7.00 | -12.30 |
| 2006:Q3 | -1.80 | -8.90 |
| 2006:Q4 | -1.80 | 0.00 |
| 2007:Q1 | 5.30 | 0.00 |
| 2007:Q2 | 1.90 | -3.70 |
Note. Data are quarterly. Positive values indicate tightening; negative values indicate easing.
1. Firms with annual sales of more than $50 million are considered "large." Return to table
Source. Federal Reserve Board Senior Loan Officer Opinion Survey on Bank Lending Practices.
| Quarter | Percent |
|---|---|
| 1990:Q1 | 6.308 |
| 1990:Q2 | 9.031 |
| 1990:Q3 | 10.662 |
| 1990:Q4 | 10.318 |
| 1991:Q1 | 10.344 |
| 1991:Q2 | 9.985 |
| 1991:Q3 | 11.015 |
| 1991:Q4 | 10.636 |
| 1992:Q1 | 9.631 |
| 1992:Q2 | 7.985 |
| 1992:Q3 | 8.667 |
| 1992:Q4 | 7.667 |
| 1993:Q1 | 7.313 |
| 1993:Q2 | 8.000 |
| 1993:Q3 | 5.000 |
| 1993:Q4 | 5.303 |
| 1994:Q1 | 4.625 |
| 1994:Q2 | 5.369 |
| 1994:Q3 | 5.333 |
| 1994:Q4 | 5.646 |
| 1995:Q1 | 6.000 |
| 1995:Q2 | 5.646 |
| 1995:Q3 | 3.354 |
| 1995:Q4 | 2.677 |
| 1996:Q1 | 2.677 |
| 1996:Q2 | 3.954 |
| 1996:Q3 | 3.015 |
| 1996:Q4 | 3.697 |
| 1997:Q1 | 3.313 |
| 1997:Q2 | 3.985 |
| 1997:Q3 | 2.682 |
| 1997:Q4 | 1.909 |
| 1998:Q1 | 1.688 |
| 1998:Q2 | 3.000 |
| 1998:Q3 | 1.652 |
| 1998:Q4 | 0.621 |
| 1999:Q1 | 2.672 |
| 1999:Q2 | 1.985 |
| 1999:Q3 | 2.333 |
| 1999:Q4 | 3.348 |
| 2000:Q1 | 3.677 |
| 2000:Q2 | 6.015 |
| 2000:Q3 | 4.646 |
| 2000:Q4 | 5.015 |
| 2001:Q1 | 4.323 |
| 2001:Q2 | 3.354 |
| 2001:Q3 | 4.569 |
| 2001:Q4 | 2.015 |
| 2002:Q1 | 3.656 |
| 2002:Q2 | 5.031 |
| 2002:Q3 | 3.030 |
| 2002:Q4 | 2.712 |
| 2003:Q1 | 4.641 |
| 2003:Q2 | 3.308 |
| 2003:Q3 | 3.000 |
| 2003:Q4 | 3.606 |
| 2004:Q1 | 2.662 |
| 2004:Q2 | 3.000 |
| 2004:Q3 | 3.667 |
| 2004:Q4 | 4.333 |
| 2005:Q1 | 3.328 |
| 2005:Q2 | 4.323 |
| 2005:Q3 | 4.015 |
| 2005:Q4 | 4.338 |
| 2006:Q1 | 5.354 |
| 2006:Q2 | 4.692 |
| 2006:Q3 | 5.738 |
| 2006:Q4 | 6.000 |
| 2007:Q1 | 5.677 |
| 2007:Q2 | 5.000 |
Note. Data are quarterly.
2. Of borrowers who sought credit in the past three months, the proportion that reported difficulty in obtaining credit less the proportion that reported more ease in obtaining credit. Return to table
Source. National Federation of Independent Business.