Loading...

Small-business start-ups decline

Published: June 26, 2015 by Guest Contributor

While an influx of small businesses opened during the height of the recession, a recent Experian study found that between 2010 and 2014, small-business start-ups decreased by nearly 45%. As companies matured and the economy improved, less credit was needed for growth.

The greatest increase in small-business borrowing occurred between 2010 and 2011 (138%). Although lenders extended significantly more credit in 2014 than they had five years prior, credit balances grew by only 18% from 2013 to 2014, representing a leveling-off of overall demand rather than a response to improved GDP.

By staying on top of the latest small-business trends, lenders can gain insight into which industries and regions are experiencing the highest growth and focus their marketing efforts.

>> Data study: Small-business start-ups

Related Posts

The only thing constant is change. And as 2022 wraps up and businesses and consumers look toward 2023, the need for insights and data is at an all-time high to help forge the path ahead. With recent slowing economic growth, and uncertain macroeconomic and geopolitical climates, leading organizations are turning to credit, market, and economic trends, to help shape and inform future strategies. The challenge? With so many sources of information, it can be overwhelming to determine which information is relevant.  Experian Edge, our new thought leadership hub, compiles proprietary Experian data, and economic, credit and market trends in a single, easy-to-consume place. Covering the automotive, financial services, healthcare, retail and small business sectors, Experian Edge helps businesses navigate tomorrow with today’s insights.   Featured Publication: 2022 Experian Edge Chartbook  The data stories told during 2022 - particularly credit and economic trends - run the full gamut. From economic growth and the labor market, to consumer health and inflation, there is no shortage of insights to glean. The inaugural 2022 Experian Edge Chartbook compiles those key insights giving a comprehensive look at economic and credit trends and what they could mean for 2023. Download 2022 Experian Edge Chartbook Want more insights? Examples of what else you’ll find on Experian Edge include:  State of the Automotive Finance Market Report: Exclusive quarterly report on the latest trends and analysis of the U.S. automotive finance market. State of Alternative Credit Data Report: A deep dive into the uses of alternative data in consumer and small business lending.  State of Claims: 200 executive healthcare professionals shed light on the current claims environment.  Holiday Retail Guide 2022: Learn what types of behaviors you can expect to see from consumers this holiday shopping season. Beyond the Trends Report: Quarterly insights and commentary on economic conditions and future small business performance. Visit and bookmark Experian Edge for the latest intel you need to propel your business forward.  Visit Experian Edge

Published: December 15, 2022 by Stefani Wendel

The first round of stimulus through the Paycheck Protection Program provided relief for many small businesses around the country.

Published: April 22, 2020 by Joseph Mayans

Experian experts provided insight on how data furnishers can help support small businesses amidst the pandemic while complying with recent regulations.

Published: April 15, 2020 by Laura Burrows