There are twenty eight million small businesses in the United States, they are the life blood of job creation in America and they out-number corporations 1162 to 1. As such, access to credit and capital for these firms is vitally important, particularly following the Great Recession.
In Q2 2014, small-business credit conditions rebounded strongly following a setback in Q1. Credit balances and the number of trades expanded while delinquency rates declined. This combination of factors lifted the Experian/Moody’s Analytics Small Business Credit Index to an all-time high of 112.2 from a revised 109.8.
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.
Please join us on September 4th at 1 p.m. Eastern for our Quarterly Business Credit Review webinar. During the presentation, 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 to help you make better business decisions. We look forward to interacting with you.