PayNet Expands Small Business Market Analysis to Canada
SEP 15, 2015 - 7:00 am
PayNet will expand its economic indicators to measure the Canadian small business economy.
The over $300 billion Canadian asset-based financing, equipment and vehicle leasing industry is the largest provider of debt financing after the traditional lending sector. The new Canadian Business Lending and Delinquency Indices include indices at the national level as well as the provincial and industrial level.
“This new set of 53 individual indices provides CEO’s, regulators and government officials a view into the current business conditions in the Canadian small business economy,” said William Phelan, president of PayNet. “These extensive indices provide early signals of economic growth, demand for capital, business fixed investment, and a gauge of financial stress across multiple sectors of the economy.”
PayNet is a prover of risk management tools and market insight, maintaining a collection of small business loans and leases to provide insight to accelerate credit decisions and reduce risk.
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