Small-business credit declined slightly in the third quarter, led by the mining and transportation/utility industries. Businesses have access to plenty of credit, and utilization rates remain low. The low delinquency/bankruptcy environment combined with low utilization rates leads to an overall positive outlook over the next several quarters. However, this optimism could change rapidly if interest rates rise or slow economic growth persists. Agriculture and construction credit remain bright points in the small-business credit outlook. Despite some downside risks, the sectors remain stable and well-positioned for growth.
Reward and protect your borrowers and businesses throughout their financial journey by revealing a more complete credit history through consistent data reporting. In this video we explain how to report data to Experian in a simple easy to follow 8-step process. Learn more about consumer data reporting at experian.com/datareporting and business data at experian.com/datareportingbusiness.
When businesses face a financial burden, they will prioritize which creditors are essential and which are not. In this webinar, we share research which will help you determine if there is a consistent overall prioritization by industry.
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