> **来源：[研报客](https://pc.yanbaoke.cn)** ```markdown # 2026 Main Street Metrics: Summary ## Core Content The **2026 Main Street Metrics** report is based on data from the **Small Business Credit Survey (SBCS)**, which collects information on the financial health and credit needs of small businesses in the United States. The report summarizes time-series data for employer firms across multiple metrics, providing insights into trends in revenue and employment growth, financial challenges, debt usage, and financing applications. ## Main Points - **Survey Overview**: The SBCS is an annual survey targeting firms with fewer than 500 employees. It gathers data on business performance, financing needs, and application experiences. - **Time Period Definitions**: - "Prior 12 months" refers to the 12 months before the survey was conducted. - "Next 12 months" refers to the 12 months after the survey was conducted. - **Data Collection**: - The survey is not a random sample and may have biases due to convenience sampling. - Detailed survey design and weighting methodology can be found at [fedsmallbusiness.org/our-data/methodology](https://fedsmallbusiness.org/our-data/methodology). ## Key Metrics and Trends ### 1. Revenue Growth (Prior 12 Months) - This metric tracks the percentage of employer firms that reported an increase in revenue over the 12 months before the survey. - Data is available from 2016 to 2025. ### 2. Employment Growth (Prior 12 Months) - This metric reflects the percentage of employer firms that increased their workforce in the 12 months prior to the survey. - Data is available from 2016 to 2025. ### 3. Revenue Growth Expectations (Next 12 Months) - This metric indicates the percentage of employer firms expecting revenue growth in the next 12 months. - Data is available from 2016 to 2025. ### 4. Employment Growth Expectations (Next 12 Months) - This metric shows the percentage of employer firms anticipating an increase in the number of employees in the next 12 months. - Data is available from 2016 to 2025. ### 5. Share of Firms Operating Profitably (Prior 12 Months) - This metric presents the percentage of employer firms that operated profitably through the end of the calendar year before the survey. - Data is available from 2020 to 2025. ### 6. Share of Firms with Financial Challenges (Prior 12 Months) - This metric shows the percentage of employer firms that faced one or more financial challenges in the prior 12 months. - Financial challenges include weak sales, paying operating expenses, debt payments, uneven cash flow, and credit availability. - Data is available from 2017 to 2025. ### 7. Use of Personal Funds (Prior 12 Months) - This metric reflects the percentage of employer firms with financial challenges that used the owner's personal funds to address them. - Data is available from 2017 to 2025. ### 8. Financial Condition (Self-reported) - This metric indicates the percentage of employer firms reporting "fair" or "poor" financial condition at the time of the survey. - The financial condition question was introduced in 2020; prior data is not available. ### 9. Share of Firms with Debt Outstanding - This metric shows the percentage of employer firms that had outstanding debt at the time of the survey. - Debt includes funds borrowed from external parties, such as financial institutions and friends or family. - In 2020 and 2021, Paycheck Protection Program (PPP) loans were excluded from debt calculations. ### 10. Application Rate for New Financing (Prior 12 Months) - This metric tracks the percentage of employer firms that applied for loans, lines of credit, or merchant cash advances in the prior 12 months. - In 2020, 2021, and 2022, pandemic-related financial assistance programs (e.g., PPP loans) were excluded from the application rate. ### 11. Share of Financing Applicants Fully Approved (Prior 12 Months) - This metric reflects the percentage of financing applicants who received full approval for the amount they requested. - Pandemic-related financial assistance program approvals (e.g., PPP loans) are not included in this metric. ## Additional Information - The **appendix file** provides detailed over-time data by firm and owner characteristics, including firm size, age, industry, geography, and credit risk. - The **SBCS** is supported by collaboration with business and civic organizations across the United States. - For media inquiries, contact Chuck Soder at [chuck.soder@clev.frb.org](mailto:chuck.soder@clev.frb.org). - For research and data inquiries, contact Hal Martin at [hal.martin@clev.frb.org](mailto:hal.martin@clev.frb.org). - The report is licensed under a **Creative Commons Attribution-NonCommercial 4.0 International license**. - For more information, visit [fedsmallbusiness.org](https://fedsmallbusiness.org). ```