Topics:
May 3, 2023 Last Edit: June 5, 2025
Insight on how Main Street views banking and the economy
Relationship Between Banks and Small Businesses Assessed in New Survey
- When asked to characterize the current financial state of their business, 30% reported excellent, 44% reported good, and 22% reported okay. Only 4% characterized the current financial state of their business as bad.
- When asked about the current state of their local economy, only 5% reported excellent, 33% reported good, 48% reported okay, and 13% reported bad.
- When asked about the national economy, none reported excellent, 6% reported good, 36% reported okay, and 58% reported bad. A little over half (55%) of owners think the U.S. is already in a recession.
- Almost all (97%) of owners have a business bank account separate from their personal bank account. Among those with separate bank accounts for personal and business purposes, 56% use the same bank while 44% use different banks.
- Ninety-eight percent of owners have not changed their primary financial institution that they use for business purposes in the last month.
- Forty-one percent of owners regularly talk with someone at their bank about their business’s finances (at least once every 6-12 months).
- About a third (36%) of small businesses reported that in a typical calendar quarter their business’s bank balance exceeds $250,000.
Get to know NFIB
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles

September 18, 2025
2025 Pennsylvania Small Business Advantage Grant Program Now Op…
Apply for the grant through SBA
Read More

September 17, 2025
What Does the Latest NFIB Optimism Index Say About Virginia?
State Director Julia Hammond says the report reflects conditions in the com…
Read More

September 17, 2025
What Does the Latest NFIB Optimism Index Say About Tennessee?
State Director Jim Brown says the national survey reflects what’s happening…
Read More

September 17, 2025
What Does the Latest NFIB Optimism Index Say About NC?
State Director Gregg Thompson says the national data reflects what’s happen…
Read More