March 30, 2016

C-Suite Wednesday — NY Fed Says Small Banks Make 52% of Main Street Loans

By Bob Coleman
Editor, C-Suite Wednesday

From their just released 2015 Small Business Credit Survey.

Other interesting takeaways:

  • Small banks are the primary source of small business lending
  • FinTech lenders have a dismal 15% borrower satisfaction rating, compared to 75% with small banks
  • Just over 25% of Main Street reports revenue and profitability growth
  • Cash Flow remains the number one challenge for Main Street
  • 50% of Main Street’s credit needs were met last year

The report surveyed 3,459 small businesses in 26 states.




Read the Report here