Annual Survey Open for Business Owners in Hawai‘i
The Federal Reserve's 2026 Small Business Credit Survey is currently available for business owners across Hawai‘i. This survey aims to understand how small businesses access financing and the challenges they encounter.
Key Points:
- Open through November 13 to businesses with fewer than 500 employees.
- Takes approximately 12 minutes to complete.
- Results are confidential and personal information is not required.
Why Your Input Matters:
The survey results are crucial for:
- Federal agencies
- Policymakers
- Service providers
as they develop programs and policies affecting access to capital and resources for small businesses.
Last year, Hawai‘i's feedback contributed to national reports on lending trends and the financial health of small businesses post-natural disasters.
Who is Eligible:
- Currently operational businesses
- Recently closed businesses
- Businesses preparing to launch
Access the Survey:
[Link to Survey](unspecified link, you should insert the actual link here)
Contact:
For more information, contact Stephanie Salmons at [EMAIL_REDACTED](unspecified, please replace with actual email address).
Additional Insights:
The survey highlights the vital role of small businesses in Hawai‘i:
- There are 144,375 small businesses in the Islands, accounting for 99.3% of all businesses and employing 49.6% of the state's workforce.
- Between March 2023 and March 2024, 4,609 new businesses opened while 4,813 closed, resulting in a net loss of 204 businesses.