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NSBA | Working for Small-Business Access to Capital, Financing

In light of the recent Silicon Valley Bank collapse, NSBA polled its small-business community on its banking needs and challenges.

50 percent of small business struggles with access to financing.

New NSBA Poll on Small Business Lending

Washington, D.C. – The National Small Business Association (NSBA) today released a real-time poll of small businesses on the current state of lending in the U.S. Following the collapse of the Silicon Valley Bank—and even leading up to it—small businesses have seen lending standards tighten, creating ripple effects in their ability to maintain and grow their businesses. Earlier this week, NSBA surveyed more than 550 small-business owners, and here’s what we found:

  • More than half of the small-business respondents to our poll say they are not able to obtain adequate financing.

  • In just the last month, one-third of small-business respondents say terms have become less favorable to their business.

  • Thirteen percent of small-business respondents say that in the last month alone, they have experienced a decrease in the account limits of their credit lines or credit cards.

  • The majority of small-business owners say they use only one banking institution for their business needs—meaning they are only federally insured on $250,000 of their business funds.

  • Just less than half of respondents say they are very confident in their bank(s) ability to manage and protect their money.

The report underscores NSBA’s recently released 2023 Economic Report, in which more than one-third of small businesses (37 percent) say they are unable to obtain adequate financing—the highest this indicator has been since 2008. This was even before the SVB collapse.

“Small business are historically disadvantaged when it comes to securing financing, and as banks become more and more risk-averse, small business loans are often the first to go,” stated NSBA President and CEO Todd McCracken. “This skittishness has real world impacts: absent adequate financing, small businesses will struggle to keep up with payroll, they will not be able to meet increased customer demand and they certainly can’t grow.”

Please click here to download the poll.

About NSBA: Celebrating more than 85 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA's 65,000 members represent every state and every industry in the U.S. Please visit or follow us at @NSBAAdvocate.


50 percent of small business struggles with access to capital.


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