Credit quality for small businesses improved in the third quarter, lifting the Experian/Moody’s Analytics Small Business Credit Index 2.3 points to 118.5. Indicators show that the small business lending market is starting to thaw. Small companies are developing a bigger appetite for credit, and banks are loosening credit standards.
The improvements, however, come at the risk of putting off investment, lower wages and deferred hiring. Government policy uncertainty and consumer spending growth also contribute to slower growth.
The Q3 2013 Experian/Moody’s Analytics Small Business Credit Index can help you with your business decisions and forecasting. The index includes:
- The overall performance of small business in Q3
- The potential impact of the government shut down and policy uncertainty
- The credit performance differences across U.S. regions