Lending Index Shows Rise in Commitments, Utilization



According to the latest Asset-Based Lending Index released by the Commercial Finance Association, U.S. businesses are showing signs they were looking to grow in the first quarter of the year.

The Q1/15 Index showed American businesses utilized 42.2% of their credit lines during the 1st quarter, an increase from 41.6% in Q4/14, and up from 40.8% for the same quarter in 2014.

Total committed credit lines increased 1.7% in the Q1/15 over the previous quarter and were 7.7% higher than the same quarter in 2014.

Portfolio performance among reporting lenders was exceptionally strong in Q1/15. With respect to gross write-offs, 87% of lenders reported either a decrease or the same level of write-offs in Q1/15.

Lenders’ non-accruing loans as a percentage of their total asset-based loans outstanding were once again lower than the previous quarter. Twenty percent of lenders reported a decrease in non-accruals in Q1/15 compared to the prior quarter.


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Terry Mulreany
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