America's small businesses are starting to recover | Visa


America's small businesses are starting to recover

Despite the ongoing challenges of the pandemic, small business spending has rebounded significantly.

Line chart of the Small Business Spending Index. See Small Business Spending Index image description.
Line chart of the Small Business Spending Index, which reached a high of 212.5 in Q4-2019, then dropped to 178 in Q2-2020, but rebounded to 202.5 in the latest Q3-2020 reading (an increase of 24.5).
A line chart of the Small Business Risk Index showing both charge-offs and delinquencies since 2013.  See Small Business Risk Index image description.
A line chart of the Small Business Risk Index shows both charge-offs and delinquencies have consistently ranged below 100 since 2013, with delinquencies reaching a low of 54.64 in Q2-2016 and the latest value of 58.61 in Q3-2020 (down 15.9 since last quarter), while charge-offs reached a low of 57.8 in Q3-2016 and finished Q3-2020 at 80 (up 1.3  since last quarter).