Experian Says Business Credit Scores Down from Last Year
Information services company Experian released a report based on an analysis of business credit scores and other business data to evaluate how small businesses, which are dependent on consumer spending, are faring in this time of slow economic growth.
Experian said this was the first time it has completed an analysis on businesses using a credit score methodology that predicts the likelihood of a business becoming severely delinquent (91 days or more past due) within the next 12 months. Business credit scores are based on a scale of 1 to 100.
The following are highlights from the report on small businesses: