The November 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased 8% to 129.9 in November 2016 from 119.8 in October 2016. Compared to November 2015, the index is up 2%, the first year-over-year increase since May 2016.
“Greater certainty about policies with the election results complete is certainly a factor,” said William Phelan, president of PayNet. “Expansion had been on hold for the better part of 2016, but it appears to be resuming the trend it carried for most of the past four years-expansion at low risk phase.”
Financial health of small businesses has steadily decreased. While the Thomson Reuters/PayNet Small Business Delinquency Index (SBDI) 31-90 days past due decreased two basis points from 1.34% in October 2016 to 1.32% in November 2016, compared to November 2015, delinquency increased by 12 basis points, marking the seventh straight month of year-over-year increases. Transportation delinquency was down four basis points to 1.83%, its first month of decrease since January 2015. Every other segment was down or flat from October 2016.
“Small business growth bodes well for future GDP and they are well positioned to add positive lift to the economy if growth policies translate into actual results,” Phelan noted.
Monitor 100 2017
In late 2015, the U.S. Bankruptcy Court for the Southern District of New York issued a memorandum opinion in Daebo International Shipping Co., Ltd., vacating a set of Rule B attachments of M/V DAEBO TRADER, a Panamax dry bulk container... read more
Monitor 100 2017
Despite launching only a year and a half ago, it should come as no surprise that Whitney Equipment Finance made its debut in the Monitor 100 this year, placing at No. 70 and reaching No. 62 on the Volume 100.... read more