The Federal Reserve Bank of Kansas City wants to hear from small businesses in New Mexico about the experiences they’re having in the credit market.
Every year, most banks in the Federal Reserve system’s 12-bank network participate in a national Small Business Credit Survey to get the data they need to provide policymakers, business representatives and service providers with up-to-date information about business financing and credit conditions. Northern New Mexico falls under the jurisdiction of the Kansas City district, while southern New Mexico is under Dallas’ district umbrella.
This year, the Fed especially wants to hear from business owners in Colorado, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and New Mexico.
To administer the survey, the nation’s central bank teams up with organizations, or “distribution partners,” to encourage small-business participation. For the purposes of this survey, small businesses are defined as those with 500 or fewer employees.