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Small-business start-ups decline

Published: June 26, 2015 by Carrie Janot

While an influx of small businesses opened during the height of the recession, a recent Experian study found that between 2010 and 2014, small-business start-ups decreased by nearly 45%. As companies matured and the economy improved, less credit was needed for growth.

The greatest increase in small-business borrowing occurred between 2010 and 2011 (138%). Although lenders extended significantly more credit in 2014 than they had five years prior, credit balances grew by only 18% from 2013 to 2014, representing a leveling-off of overall demand rather than a response to improved GDP.

By staying on top of the latest small-business trends, lenders can gain insight into which industries and regions are experiencing the highest growth and focus their marketing efforts.

>> Data study: Small-business start-ups

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