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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
  • Recovery evolving into full-fledged expansion

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