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Small Business Indicators - Second Quarter 2004


   
  Last Five Years Last Five Quarters
1999 2000 2001 2002 2003 Q2-03 Q3-03 Q4-03 Q1-04 Q2-04
Business bankruptcy filings (thousands) 37.6 35.5 40.1 38.5 35.0 9.3 8.4 8.3 10.6 8.2
Proprietors' income (billions of dollars) 678.3 728.4 771.9 769.6 834.1 825.7 852.0 864.7 872.1 902.8
Prime bank loan rate 8.0 9.2 6.9 4.7 4.1 4.0 4.0 4.0 4.0 4.0
Rates for smallest loans (less than $100,000) 8.7 9.7 7.4 5.1 4.4 4.8 4.2 4.3 4.3 4.2
Senior loan officers (percent of respondents):
  Small firm C&I lending standards have eased 1.9 0.5 0.0 0.9 0.0 1.8 1.8 8.8 12.7 19.6
  Small firm C&I lending standards stayed same 90.5 78.7 60.5 78.2 86.2 83.6 93.0 84.2 85.5 80.4
  Small firm demand for C&I loans is stronger 14.5 15.5 6.6 4.6 12.7 5.5 15.8 15.7 27.3 43.6
  Small firm demand for C&I loans stayed same 75.4 65.8 50.4 50.0 60.0 67.3 56.1 64.7 67.3 50.9
Venture investment: number of deals 5736 8303 4857 3098 2876 727 706 759 686 761
Venture investment: total invested (billions of dollars) 54.2 107.8 42.9 21.6 18.8 4.8 4.4 5.4 5.0 5.6

Note: The second quarter figure for the Senior Loan Officers Survey is for April, which measures January through April. Sources: Administrative Office of the U.S. Courts; Board of Governors of the Federal Reserve System; National Venture Capital Association; U.S. Bureau of Economic Analysis.

  Last Five Years Last Five Months
1999 2000 2001 2002 2003 Feb-04 Mar-04 Apr-04 May-04 Jun-04
NFIB Small Business Optimism Index (1986 = 100) 101.2 100.3 98.4 101.2 101.3 102.6 102.6 105.3 104.5 103.0
NFIB: next 3 months "good time to expand" (percent of respondents) 22.8 19.2 12.3 14.3 15.7 19 18 24 22 21
Self-employed, unincorporated (millions) 10.1 10.2 10.1 9.9 10.3 10.1 9.9 10.1 10.4 10.5
Self-employed, incorporated (millions) 4.3 4.5 4.5 4.6 5.0 5.0 5.2 5.2 5.2 5.3

Sources: National Federation of Independent Business; Current Population Survey, U.S. Bureau of Labor Statistics.

 

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