Small Business Credit
Index reaches new heights in Q4 2014
The Experian/Moody’s Analytics Small Business Credit Index (SBCI) added 1.5
points to reach 116.7 from a revised 115.2 in the third quarter (previously 114.8).
The index measures credit conditions for firms with fewer than 100 workers, and last
quarter’s move puts it at an all-time high. This is the third consecutive quarterly
gain for the index amid swiftly improving small-business credit conditions.
Credit balances and the number of trades each expanded in the fourth quarter, contributing
to the rise in the SBCI. This was accompanied by a decline in the delinquency rate
to a cyclical low of 8.5 percent. Additionally, job growth continued at a brisk clip
last quarter, further supporting the top-line index value.
Gain Key Insights From This Report:
Third consecutive quarterly gain amid swiftly improving conditions
Stronger revenue creating favorable trajectory for worker hours and earnings
Past due balances in construction fell by 12.6 percent