CBA, SBFE Q1 2023 Small Business Lending Data Reflects Impact of Volatile Rate Environment

The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q1 2023 Small Business Lending Trends analysis, examining key credit information for America’s small businesses. The report reflects the impact of a volatile interest rate environment and higher costs of goods and services on small businesses.

Key Findings

• Delinquency continued to increase across all account types. Notably, dollars at risk due to past due card accounts has risen over 150 basis points since Q1 2022.
• Credit utilization declined for the first time after six previous quarters of increases. New cards opened within the last year continue to carry higher balances than previous vintages.
• Charge-offs increased for all account types for the second straight quarter following four quarters of increasing delinquency.
• Account growth continues to hold steady, even with external economic pressures persisting. The number of new accounts also remains strong, particularly for card products which typically provide the easiest and most flexible way for businesses to obtain capital.

A full copy of the analysis is available HERE.

About The Report

The CBA-SBFE Small Business Lending Trends analysis offers quarterly data on delinquencies, credit utilization and credit utilization by account type, and charge-off rates. In addition to the data, the analysis offers a brief breakdown of each data set.

The data used to compile the analysis includes information collected from SBFE members on small businesses and their payment performance on commercial credit accounts. To learn more and review reports from prior quarters, click HERE.