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It’s no secret that over the last three years, small business credit risk has increased at a distressing rate. Since 2007, five key measures of risk-bankruptcy, lien filings, judgment filings, collections and severe delinquency in payments-showed a consistent, increasing risk trend. While there are signs of improvement, lenders need to be diligent in order to reduce their risk and grow their portfolios.

Based on a review of more than 400,000 small businesses in the United States over the past two years, Experian has identified three key factors that contribute to small business lending risk: how well the business was doing before the economic downturn, the presence of derogatory events or triggers that lead to delinquent payments, and the industry or geographic region in which the business operates. Let’s take a closer look at each of these.

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Peter Westerman

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Credit Union Times

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