"The 2024 Small Business Credit Survey (SBCS) data suggest that employment growth, along with expectations for revenue and employment growth, held steady between the 2023 and 2024 surveys. But for the first time since the 2021 survey, firms were more likely to report that revenues decreased rather than increased in the prior 12 months. Regarding financing, the share of firms that applied for loans, lines of credit, or merchant cash advances remained stable year over year, as did approvals. However, applicants' satisfaction with their lenders decreased." Learn more and read the report here: https://www.fedsmallbusiness.org/reports/survey/2025/2025-report-on-employer-firms