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Small Business Indicators - Second Quarter 2005


   
  Last Five Years Last Five Quarters
2000 2001 2002 2003 2004 Q3-04 Q4-04 Q1-05 Q1-05 Q2-05
Business bankruptcy filings (thousands) 35.5 40.1 38.5 35.0 34.3 8.2 7.6 7.8 8.1 --
Proprietors' income (billions of dollars) 728.4 771.9 768.4 810.2 889.7 898.4 889.1 900.9 917.9 942.4
Prime bank loan rate 9.2 6.9 4.7 4.1 4.3 4.0 4.4 4.9 5.4 5.9
Rates for smallest loans (less than $100,000):
Variable rate loans, repricing terms of 2-30 days 9.7 7.4 5.1 4.4 4.4 4.2 4.6 4.5 5.3 5.7
Variable rate loans, repricing terms of 31-365 days 9.9 8.7 6.6 6.4 6.2 6.1 6.3 6.5 6.6 7.1
Senior loan officers (percent of respondents):
Net small firm C&I lending standards (those whose standards were eased minus those tightened) -20.4 -39.4 -20.0 -7.1 +13.1 +19.6 +3.7 +18.2 +9.1 +22.7
Net small firm demand for C&I loans (those whose demand was stronger minus those weaker) -3.3 -36.6 -40.0 -14.7 +25.9 +38.1 +38.9 +25.5 +13.7 +45.5
Venture Investment:
Number of deals 7819 4453 3046 2840 2910 805 646 787 703 750
Total invested (billions of dollars) 105.0 40.8 21.5 19.4 21.3 6.1 4.6 5.6 4.9 5.8

Note: The second quarter figure for the Senior Loan Officers Survey is for April, which measures from January. C&I loans refers to commercial and industrial loans. 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 (2004-2005)
2000 2001 2002 2003 2004 Feb Mar Apr May June
NFIB Small Business Optimism Index (1986 = 100) 100.3 98.4 101.2 101.3 104.6 103.7 102.5 99.8 100.8 100.8
NFIB: next 3 months "good time to expand" (percent of respondents) 19.2 12.3 14.3 15.7 22.3 24 19 18 18 22
NFIB: net percent planning to hire in the next 3 months 15.6 11.6 10.8 10.2 15.3 16 10 11 15 13
Self-employed, incorporated (millions) 4.5 4.5 4.6 5.0 5.2 5.1 5.4 5.5 5.4 5.3
Self-employed, unincorporated (millions) 10.2 10.1 9.9 10.3 10.4 10.6 10.7 10.8 10.7 10.5

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

 

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