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 5
Demand for Small Business Credit
| Quarter | Percent |
|---|---|
| 1990:Q1 | 35.00 |
| 1990:Q2 | 32.06 |
| 1990:Q3 | 28.74 |
| 1990:Q4 | 28.00 |
| 1991:Q1 | 27.33 |
| 1991:Q2 | 29.63 |
| 1991:Q3 | 26.65 |
| 1991:Q4 | 26.95 |
| 1992:Q1 | 29.02 |
| 1992:Q2 | 28.98 |
| 1992:Q3 | 28.02 |
| 1992:Q4 | 30.67 |
| 1993:Q1 | 33.67 |
| 1993:Q2 | 32.00 |
| 1993:Q3 | 29.33 |
| 1993:Q4 | 32.00 |
| 1994:Q1 | 35.13 |
| 1994:Q2 | 32.97 |
| 1994:Q3 | 31.98 |
| 1994:Q4 | 36.37 |
| 1995:Q1 | 38.74 |
| 1995:Q2 | 38.02 |
| 1995:Q3 | 33.97 |
| 1995:Q4 | 36.71 |
| 1996:Q1 | 40.03 |
| 1996:Q2 | 35.03 |
| 1996:Q3 | 34.97 |
| 1996:Q4 | 36.33 |
| 1997:Q1 | 38.05 |
| 1997:Q2 | 38.32 |
| 1997:Q3 | 35.68 |
| 1997:Q4 | 38.30 |
| 1998:Q1 | 38.09 |
| 1998:Q2 | 33.71 |
| 1998:Q3 | 34.61 |
| 1998:Q4 | 38.06 |
| 1999:Q1 | 37.72 |
| 1999:Q2 | 35.69 |
| 1999:Q3 | 31.67 |
| 1999:Q4 | 37.09 |
| 2000:Q1 | 38.29 |
| 2000:Q2 | 32.29 |
| 2000:Q3 | 32.58 |
| 2000:Q4 | 34.00 |
| 2001:Q1 | 34.18 |
| 2001:Q2 | 31.32 |
| 2001:Q3 | 27.66 |
| 2001:Q4 | 28.94 |
| 2002:Q1 | 31.58 |
| 2002:Q2 | 31.08 |
| 2002:Q3 | 27.64 |
| 2002:Q4 | 30.33 |
| 2003:Q1 | 29.06 |
| 2003:Q2 | 28.68 |
| 2003:Q3 | 27.91 |
| 2003:Q4 | 31.79 |
| 2004:Q1 | 33.12 |
| 2004:Q2 | 31.32 |
| 2004:Q3 | 31.00 |
| 2004:Q4 | 34.06 |
| 2005:Q1 | 34.41 |
| 2005:Q2 | 32.68 |
| 2005:Q3 | 30.36 |
| 2005:Q4 | 32.05 |
| 2006:Q1 | 32.57 |
| 2006:Q2 | 29.20 |
| 2006:Q3 | 29.62 |
| 2006:Q4 | 29.38 |
| 2007:Q1 | 31.02 |
| 2007:Q2 | 29.00 |
Note. Data are quarterly.
1. Percent of firms planning capital outlays in the next six months. Return to table
Source. National Federation of Independent Business.
| Quarter | Percent |
|---|---|
| 1990:Q1 | 14.09 |
| 1990:Q2 | 15.03 |
| 1990:Q3 | 10.71 |
| 1990:Q4 | 7.97 |
| 1991:Q1 | 8.58 |
| 1991:Q2 | 11.31 |
| 1991:Q3 | 12.00 |
| 1991:Q4 | 10.71 |
| 1992:Q1 | 10.63 |
| 1992:Q2 | 13.65 |
| 1992:Q3 | 12.02 |
| 1992:Q4 | 12.71 |
| 1993:Q1 | 11.89 |
| 1993:Q2 | 9.34 |
| 1993:Q3 | 8.67 |
| 1993:Q4 | 14.74 |
| 1994:Q1 | 16.31 |
| 1994:Q2 | 15.00 |
| 1994:Q3 | 15.33 |
| 1994:Q4 | 19.34 |
| 1995:Q1 | 18.08 |
| 1995:Q2 | 15.57 |
| 1995:Q3 | 17.35 |
| 1995:Q4 | 17.00 |
| 1996:Q1 | 16.94 |
| 1996:Q2 | 16.42 |
| 1996:Q3 | 17.33 |
| 1996:Q4 | 18.03 |
| 1997:Q1 | 20.27 |
| 1997:Q2 | 20.66 |
| 1997:Q3 | 25.67 |
| 1997:Q4 | 24.05 |
| 1998:Q1 | 24.34 |
| 1998:Q2 | 24.66 |
| 1998:Q3 | 23.33 |
| 1998:Q4 | 19.97 |
| 1999:Q1 | 23.03 |
| 1999:Q2 | 21.31 |
| 1999:Q3 | 23.33 |
| 1999:Q4 | 23.79 |
| 2000:Q1 | 22.97 |
| 2000:Q2 | 19.95 |
| 2000:Q3 | 19.29 |
| 2000:Q4 | 14.68 |
| 2001:Q1 | 12.68 |
| 2001:Q2 | 11.42 |
| 2001:Q3 | 11.38 |
| 2001:Q4 | 13.58 |
| 2002:Q1 | 14.70 |
| 2002:Q2 | 14.31 |
| 2002:Q3 | 13.62 |
| 2002:Q4 | 14.29 |
| 2003:Q1 | 10.77 |
| 2003:Q2 | 12.29 |
| 2003:Q3 | 17.30 |
| 2003:Q4 | 22.26 |
| 2004:Q1 | 20.68 |
| 2004:Q2 | 22.34 |
| 2004:Q3 | 22.33 |
| 2004:Q4 | 25.79 |
| 2005:Q1 | 21.88 |
| 2005:Q2 | 19.35 |
| 2005:Q3 | 20.02 |
| 2005:Q4 | 20.98 |
| 2006:Q1 | 19.65 |
| 2006:Q2 | 16.31 |
| 2006:Q3 | 15.58 |
| 2006:Q4 | 18.02 |
| 2007:Q1 | 15.62 |
| 2007:Q2 | 12.00 |
Note. Data are quarterly.
2. The proportion of respondents that consider the next three months a "good time to expand" less the proportion that do not consider the next three months a "good time to expand." Return to table
Source. National Federation of Independent Business.
| Quarter | Percent |
|---|---|
| 1991:Q4 | -25.4 |
| 1992:Q1 | -11.6 |
| 1992:Q2 | 25.0 |
| 1992:Q3 | 6.9 |
| 1992:Q4 | -1.8 |
| 1993:Q1 | 32.2 |
| 1993:Q2 | 12.3 |
| 1993:Q3 | 13.8 |
| 1993:Q4 | 17.2 |
| 1994:Q1 | 26.3 |
| 1994:Q2 | 38.1 |
| 1994:Q3 | 19.3 |
| 1994:Q4 | 31.6 |
| 1995:Q1 | 18.2 |
| 1995:Q2 | 17.2 |
| 1995:Q3 | 25.0 |
| 1995:Q4 | 7.2 |
| 1996:Q1 | 14.0 |
| 1996:Q2 | 24.0 |
| 1996:Q3 | 17.7 |
| 1996:Q4 | 3.6 |
| 1997:Q1 | 14.7 |
| 1997:Q2 | 10.7 |
| 1997:Q3 | 19.6 |
| 1997:Q4 | 19.3 |
| 1998:Q1 | 15.4 |
| 1998:Q2 | 21.1 |
| 1998:Q3 | 0.0 |
| 1998:Q4 | 7.7 |
| 1999:Q1 | 11.4 |
| 1999:Q2 | 10.1 |
| 1999:Q3 | 0.1 |
| 1999:Q4 | -3.8 |
| 2000:Q1 | -1.9 |
| 2000:Q2 | 5.3 |
| 2000:Q3 | -3.6 |
| 2000:Q4 | -12.8 |
| 2001:Q1 | -29.7 |
| 2001:Q2 | -34.5 |
| 2001:Q3 | -42.1 |
| 2001:Q4 | -50.0 |
| 2002:Q1 | -45.4 |
| 2002:Q2 | -29.0 |
| 2002:Q3 | -36.4 |
| 2002:Q4 | -48.2 |
| 2003:Q1 | -20.6 |
| 2003:Q2 | -21.8 |
| 2003:Q3 | -12.3 |
| 2003:Q4 | -3.9 |
| 2004:Q1 | 21.8 |
| 2004:Q2 | 38.1 |
| 2004:Q3 | 38.9 |
| 2004:Q4 | 25.5 |
| 2005:Q1 | 29.6 |
| 2005:Q2 | 37.0 |
| 2005:Q3 | 35.2 |
| 2005:Q4 | 8.9 |
| 2006:Q1 | 5.3 |
| 2006:Q2 | 3.5 |
| 2006:Q3 | 0.0 |
| 2006:Q4 | -13.0 |
| 2007:Q1 | -5.3 |
| 2007:Q2 | -19.2 |
Note. Data are quarterly.
Source. Federal Reserve Board Senior Loan Officer Opinion Survey on Bank Lending Practices.