2020 has brought disruption and turbulence to business models and industries. Because small businesses generally respond to changes in economic conditions more rapidly than larger businesses, the Equifax Small Business Indices serve as a leading indicator of macroeconomic and industry trends. According to the latest data, the Small Business Lending Index (SBLI) increased 9% from 131.9 in August 2020 to 143.9 in September 2020. The Small Business Delinquency Index (SBDI) decreased 16 bps from 1.93% in August 2020 to 1.77% in September 2020. This is the fourth monthly decrease following three months of increases following the start of the pandemic. As we close out 2020 and look forward to emerging from the current pandemic, Equifax SVP, Financial Services Leader Barry Ripes, Senior Index Developer Elaine Makdah and Senior Statistical Analyst Sarah Briscoe will review the latest economic trends, the small business lending and delinquency activity and offer their insights on the implications for the commercial credit markets during these uncertain times.
This session is brought to you by: Equifax
