Though conditions for small businesses are hard to generalize because experiences vary greatly from firm to firm, Federal Reserve Bank of Cleveland experts say some data suggest an improving landscape for those businesses operating along Main Street.

Small businesses, defined here as those with 1 to 49 employees, have added in the aggregate more net jobs in recent years than have firms with 50 to 249 employees, and bank lending in amounts of less than $1 million—which are typically lent to smaller enterprises—continues the year-over-year climb that began in 2013.

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