Seasonal patterns in small business borrowings moved against credit performance in the first quarter. Moderate delinquencies at 1.28 percent are still well below their year ago levels of 1.61 percent. Pent-up savings, massive fiscal support, and the winding down of the Covid-19 pandemic will be the driving forces for the economy and small businesses going forward in the post-pandemic recovery.
The Experian/Moody’s Analytics Main Street Report brings deep insight into the overall financial well-being of the small-business landscape, as well as providing commentary around what certain trends mean for credit grantors and the small-business community. Key factors in the Main Street Report include a combination of business credit data (e.g., credit balances, delinquency rates, utilization rates) and macroeconomic information (e.g., employment rates, income, retail sales, industrial production).