Survivability (resilience) of Indonesia small and micro ﬁrms seems to have a strong relation with ﬁrm’s size. Smaller ﬁrms have higher probability to operate longer due to their ﬂexibility. These resilience is related to their choice of using only their owned self-capital without making any bank/non-bank loans. The characteristic make them tougher in facing economic crisis and easier for them to re-organize their business. Female owner tends to choose this ‘no-loan’ strategy in Indonesia case. These preliminary ﬁndings needs further investigation using more details data.