The Small Business Lending Survey is a nationally-representative survey of U.S. banks and their small business lending practices. The report of survey findings offers new information for both small and large banks on many aspects of their small business lending. The results provide context for the implications of current bank consolidation trends on U.S. small businesses. Approximately 1,200 banks—about one-fifth of the FDIC-insured institutions in the United States—responded to the survey.

The FDIC report states that Fintechs (as well as credit unions) are emerging as small bank competitors. But these same Fintechs are considered as “competitors only for large banks, but only as frequent competitors, not as top competitors.”