Following a full year of steady improvement, small-business credit conditions stumbled during the first quarter of 2014. Credit balances receded slightly from the end of 2013 and the delinquency rate ticked higher to 9.8 percent from 9.6 percent. The setback was fueled in part by harsh winter conditions, which may also have slowed
employment gains. Weaker GDP growth and a decelerated retail sales growth rate of only 0.3 percent also contributed to the Q1 shortcoming.
Sign up for the Quarterly Business Credit Review Webinar on June 10.
Download the full Experian/Moody’s Analytics Small Business Credit Index report.
