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Business loan demand, large and mid-size firms

Business loan demand, large and mid-size firms is -11.7% net and has been falling over the last 3 months. That is in its normal range: higher than 34% of readings since 2007.

Latest (latest reading)
-11.7% net
As of
Q4 2026
3-month change
−28 % pts
1-year change
−23 % pts
20-year percentile
34th
20-year median
-6.0% net
-68-41-1512382010201520202025
Monthly averages, last 20 years. Shaded band = the middle half of readings.
What it is. Net share of banks seeing stronger loan demand from larger companies; below zero means demand is falling. A higher reading means less credit stress in the Credit reading.

What it affects next

Business loan demand, large and mid-size firms is falling: -11.7% net (−28 % pts in 3 months, 34th percentile of the last 20 years). Here is what has tended to follow, based on links the data backs up.

No tested downstream links to trace yet.

What is driving it

None of its tested drivers is moving much right now.

Source: Federal Reserve Senior Loan Officer Survey via FRED (series DRSDCILM).