CBA, SBFE Small Business Lending Data Reflects Impact Of Economic Uncertainty In Q3 2021

January 11, 2022


The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q3 2021 Small Business Lending Trends analysis, examining key credit information for America’s small businesses. The report, which is released quarterly, found that even as new credit accounts increased slightly from the previous quarter, small businesses continued to be cautious and constrained in light of pandemic-related economic headwinds. 

Key Findings

  • Delinquency remained largely unchanged from Q2 2021.
  • Credit utilization remained very stable, continuing a trend seen over the last several reporting periods. Overall growth in utilization remained minimal and far below pre-pandemic levels.
  • Charge-off rates declined in Q3 2021 for all account types except open-ended loans. Unsecured account types have leveled off after higher losses seen at the height of the pandemic. 

A full copy of the analysis is available HERE.

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

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