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Small Business Credit Conditions Recede Slightly in Q1 2014

May 08, 2014 by Gary Stockton

Experian / Moody's Small Business Credit Index Experian / Moody's Analytics Small Business Credit Index


Experian’s Business Information Services has released the Experian / Moody’s Small Business Credit Index report for Q1 2014. Following a full year of steady improvement, small-business credit conditions stumbled during the first three months of 2014 as the effects of the harsh winter, lackluster retail sales and aftershocks from the 16-day October Government shut down took the wind out of the sails of small businesses across the United States, pulling the index down from a revised 111.2 to 110.5 for Q1 2014.

Despite significant growth over the past two years, credit balances declined during the first quarter of 2014, dropping 1.2 percent from the previous quarter. According to Joel Pruis, Sr. Consultant with Experian’s Global Consulting Practice - "The reason we are seeing a decline is due to a slight uptick in delinquencies in the 60-90 day range, an indication that some small businesses have only recently had trouble paying down balances, as longer-standing debt would have resulted in higher delinquency beyond a two-to-three-month window."

For more information on small business credit conditions, download your copy of the report today!


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