America’s small businesses are starting to borrow again | Visa


America’s small businesses are starting to borrow again

Visa’s proprietary indexes and a nationwide survey provide new indication of the state of America’s small businesses.

Line chart showing the Small Business Borrowing Index based on outstanding balances on Visa business credit cards. See image description.
Line chart showing the Small Business Borrowing Index based on outstanding balances on Visa business credit cards, indexed to 100 in Q1-2013. Index dropped to a low of 96.71 in Q4-2014 and rose to a high of 120.26 in Q2-2019. Outstanding balances rose slightly in Q1-2021, up 1.3 points QoQ to 106.55.

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