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Published July 21, 2023
Commercial Commercial Insights Credit & Economic TrendsSummer sunshine poking through the clouds brings hope, but be mindful of the weather.
As commercial creditors tighten underwriting, fintech lenders are stepping in to fill funding gaps. Public sector funding has also expanded, providing a broader safety net, though increased oversight will demand additional compliance spending from businesses and lenders.
Amid these challenges, advancements in generative AI are driving efficiency and innovation, offering small businesses opportunities to optimize operations and tech companies a competitive edge. For U.S. businesses, staying agile and leveraging these tools will be key to navigating an evolving economic landscape.
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Experian's latest Commercial Pulse Report highlights how risk profiles vary significantly by industry and business age.
🔹 New businesses in sectors like Construction and Food Services face higher delinquency rates, signaling elevated credit risks.
🔹 Meanwhile, industries like Retail and Healthcare maintain stable performance, regardless of business maturity—offering balanced opportunities for lenders.
Understanding these dynamics is critical for tailoring lending strategies, mitigating risk, and supporting business growth across industries.
Check out the full report to see how these trends could impact your strategy!
This report provides an in-depth analysis of the credit card landscape, offering key insights to help your business tackle today’s challenges and uncover opportunities for growth.
Key insights:
Watch the recording of the Quarterly Business Credit Review webinar, where Experian shared and discussed critical insights from the latest Main Street Report.
Visit our Commercial Insights Hub for more economic insights and reports on small business.