CBA, SBFE Release Small Business Lending Trends Report

October 1, 2019
Nick Simpson

 

CBA, SBFE Release Small Business Lending Trends Report

New report to be released quarterly, examines key credit performance metrics

 

WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the inaugural Small Business Lending Trends report. The report, to be released each quarter, examines key credit information for America’s small businesses, including payment performance and credit utilization.

 

Key findings from the report, which examined data from the first quarter of 2019, include:

  • Small business credit performance has remained relatively consistent over the last two years.
  • Credit utilization has not rebounded to pre-recession levels.
  • Delinquencies have experienced modest fluctuations with an increase of 0.5 percent since the second quarter of 2018 while charge offs are slightly below this same time period from two years ago.

 

“This new report offers valuable insights into small businesses' credit performance as well as their confidence in the long-term economy,” said CBA President and CEO Richard Hunt. “Examining these quarter-by-quarter trends will help economists have a more full picture when making forecasts and advising policymakers.”

 

“Being a leading source of small business credit information in the U.S., we are excited to partner with CBA and provide further benefit to our respective and shared constituencies," said SBFE CEO Elisabeth Hughes MacDonald.  "Through this relationship, we can further our mission to be an advocate for the small business community."

 

A full copy of the report is available here.

 

The CBA-SBFE Small Business Lending Trends report offers data on delinquencies, credit utilization and credit utilization by account type, and charge-off rates. In addition to the data, the report offers a brief analysis of each data set.

 

The data used to compile the report includes information collected from SBFE members on small businesses and their payment performance on commercial credit accounts.

 

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About the Consumer Bankers Association:

The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.

 

About SBFE:

The Small Business Financial Exchange, Inc. and SBFE, LLC (collectively known as SBFE) is one of the country's leading sources of small business credit information. Established in 2001, this nonprofit association's database houses information on over 38 million businesses and enables information exchange among Members who provide small business financing. By providing industry insight and an aggregated view of small business financial data to its Members, the SBFE model enables innovative risk management solutions through its strategic relationships. SBFE is the only Member-controlled organization of its type and is serving as a trusted advocate for the safe and secure growth of small business. For more information, visit www.sbfe.org.