Hurricane Sandy, last year's Midwest drought and cuts ingovernment spending have all led to deterioration in small businesscredit quality and a rise in delinquent debt.
According to Experian/Moody's Analytics Small Business Credit Index releasedWednesday, small firms struggled to pay down delinquent debt in thefourth quarter of 2012.
Balances less than 60 days past due rose nearly 20% in thequarter, overshadowing a slight decline in those consideredseverely delinquent, which is defined as more than 90 days pastdue, Experian said.
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