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How to Get Your Small Business Out of Debt in 2020

 

Rising interest rates and high levels of corporate debt have lots of investors concerned. Should small businesses be worried? The majority of small businesses (in most industries) are able to pay their bills on time. According to Experian/Moody’s Analytics Main Street Report, overall delinquencies for businesses with fewer than 100 employees were slightly down in the third quarter of 2018. Credit utilization rates were also down slightly. At the same time, that same research has found that rates for delinquencies of 31 to 90 days rose slightly. While it’s not yet a cause for concern, the report points out that “the period of consistent declines in delinquency rates for small businesses may be near its end.”

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