Q1 2020 Experian/Moody's Analytics Main Street Report

Document: Published May 14, 2020

After only one quarter there is no doubt the theme of 2020 is the pandemic, Covid-19. Unrelated to the pandemic and subsequent shuttering of a swath of economies across the world, delinquencies rose in the first quarter. This was as businesses reduced their borrowing. Lower borrowing will not have lasted long as government efforts to aid small businesses have taken the form of SBA lending. Nevertheless, 2020 will be a year of deteriorating performance and rising bankruptcies for small enterprises.

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