Experian/Moody’s: Q1 Small Business Line Utilization Rates Down
A new Experian/Moody’s Q1 report on the financial health of the small-business community shows credit lines are expanding, but utilization rates are down 17% from the previous year.
A new Experian/Moody’s Q1 report on the financial health of the small-business community shows credit lines are expanding, but utilization rates are down 17% from the previous year.
The latest Wells Fargo/Gallup Small Business Index rose to 67 in January, a 13-point gain from November’s survey, indicating increased optimism.
PayNet has developed a Small Business Default Index, which will gauge small business defaults and signal insolvency across multiple sectors of the economy at the national, state and industry levels.
According to the latest Wells Fargo/Gallup Small Business Index, after reaching a seven-year high in January, small business owners are feeling less optimistic today than they were a year ago.
The October Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased by 5% to 131.7 compared to September’s value, which was restated from 140.4 to 137.9.
Wells Fargo has removed its foreign transaction fees on all business credit card and business line of credit access card transactions made outside the U.S.
According to the quarterly Wells Fargo/Gallup Small Business Index, optimism in the sector during Q2/15 fell to 59, down from 64 in April and 71 in January.
According to a survey by Balboa Capital, a majority of small business owners believe that the U.S. economy is on the trending upward and will remain strong in the second half of 2015.
Small business optimism is at an all-time high, up 33%, since the Great Recession, according to the 2015 Capital One Small Business Confidence Score.
Wells Fargo announced the introduction of Wells Fargo Works for Small Business, a broad initiative to deliver resources, guidance and services to help small businesses achieve financial success.