Continuing on the story we mentioned yesterday about the New York Fed’s latest Small Business Borrowers Poll, we now present the remainder of the findings. As a reminder, the Federal Reserve Bank of New York’s Office of Regional and Community Outreach polled small businesses about their business performance, financing choices, and borrowing experiences. The results are presented below.

Demographics

Geography and Industry

Business performance mixed

41% applied for credit

Applicants sought small amounts

Successful applicants were more experienced

Most applicants got partial credit or were denied

Half of non-applicants were discouraged

Discouraged firms self-finance

Half of applicants will reapply