There’s no doubt that small businesses are the backbone of the U.S. Economy - they are the lifeblood of job creation in America. And because they are so important, it’s vital for these businesses to get credit because it provides them access to funding and resources they need to face potential challenges.
In Q1 2014, small-business credit conditions started off on a sour note. Our recent Experian/Moody’s Analytics Small Business Credit Index fell slightly, as credit balances receded and 60 to 90 day delinquency rates increased. A harsh winter and the ripple effect of the Government Shutdown left many small businesses playing catchup from mostly lackluster retail sales and underwhelming job gains.
So what does all this mean? For companies and organizations targeting the small business segment, it’s important to understand the overall health of business credit, and the underlying macroeconomic trends which shape economic growth.
Join us on June 10th at 1 p.m. Eastern for our Quarterly Business Credit Review webinar when Experian’s Senior Business Consultant, Joel Pruis and Economists from Moody’s Analytics will offer key insights into the current economic landscape and answer questions that will help you make better business decisions.