Understanding Small-Business Risk Through the Economic Down Cycle
Tags: Business Information, Credit Education
An in-depth look at small-business performance in challenging market conditions.
To say the past year has been a tumultuous time for the economy is clearly an understatement. The mortgage meltdown, which precipitated the crisis, was in large part responsible for numerous business bankruptcies. Household names such as Lehman Brothers and Merrill Lynch disappeared. However, while a lot has been written about the economic impact on large businesses and how they fared during the downturn, not much has been said about small businesses. This report will take a closer look at small businesses and how they are managing under challenging conditions. In the process, we will provide lenders with valuable insights into small business performance and how that data can be used to reduce risk and grow portfolios.