10/26/2021 | Press release | Distributed by Public on 10/26/2021 08:34
The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends analysis covering the second quarter of 2021. The analysis, which is released quarterly, examines key credit information for America's small businesses and found multiple rounds of federal relief and lender assistance programs have had a positive impact on both delinquency and credit utilization rates.
Key findings from the analysis, which examined data from Q2 2021, include:
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.