The FDIC has announced the launch of a survey of banks’ small business lending practices. The web-based survey will encompass 2,000 randomly selected banks and will be administered by the U.S. Census Bureau.
Topics covered by the survey include general characteristics of small business borrowers, types of credit offered, the importance of commercial lending for banks of different sizes and differences between business lending in urban and rural markets. ABA offered feedback on the proposed survey in meetings and letters to FDIC in December and March.
Banks chosen to participate will receive letters by the end of June with further instructions. For more information, survey participants can click here or email firstname.lastname@example.org.