Declining balances and rising delinquencies cause setback in Q1

Published: May 15, 2014 by Stacie Baker

Following a full year of steady improvement, small-business credit conditions stumbled during the first quarter of 2014. Credit balances receded slightly from the end of 2013 and the delinquency rate ticked higher to 9.8 percent from 9.6 percent. The setback was fueled in part by harsh winter conditions, which may also have slowed
employment gains. Weaker GDP growth and a decelerated retail sales growth rate of only 0.3 percent also contributed to the Q1 shortcoming.

Sign up for the Quarterly Business Credit Review Webinar on June 10.

Download the full Experian/Moody’s Analytics Small Business Credit Index report.

Related Posts

Through personalized financial experiences, financial institutions can engage their consumers while helping them grow their financial power.

Published: May 16, 2024 by Brian Funicelli

Know Your Customer (KYC) procedures are a requirement for banks and other financial institutions to collect and verify the...

Published: March 21, 2024 by Stefani Wendel

Student loan borrowers may face new challenges and fears once payments resume. Learn about the implications and how loan servicers and lenders can respond.

Published: June 20, 2023 by Theresa Nguyen