Due to a rise in credit balances and a decrease in delinquency rates, small business credit quality continued to show significant improvement in the third quarter.
According to Experian/Moody's Analytics, the Small Business Credit Index rose 2.3 points to 118.5, up from 116.2 the previous quarter. This notes the index's third consecutive quarterly improvement, and its second consecutive record-breaking mark.
The index measures credit quality at firms with fewer than 100 employees.
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