Small Business Credit Health Improving In 2013
Small business credit health has improved over the first five months of 2013, according to small business lender Direct Capital.
Portsmouth, NH (PRWEB) June 17, 2013 - The credit health of U.S. small businesses has improved thus far in 2013, according Direct Capital, a leading provider of working capital loans, equipment financing and franchise financing.
Direct Capital’s internal data shows that the average credit score for small businesses rose over 2012 from January to May 2013. That matches a recent report from credit monitoring giant Experian, which shows that the average credit score rose 4.5% from January to March of 2013 over the first quarter of 2012.
The rise in credit scores corresponds with increases in small business lending demand, small business financing approvals and consumer confidence in 2013.
“The dual rise of credit health and lending approvals for small businesses makes it clear that we’re seeing real gains through the first five months of 2013,” said Stephen Lankler, Senior Vice President of Direct Capital. “Knowing that credit health is improving only fuels that optimism going forward.”
To learn more about Direct Capital, visit this link.
About Direct Capital
Established in 1993, Direct Capital is a financial technology company that delivers financial solutions for small & medium sized businesses, franchisors, and equipment and technology sellers. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank blog at http://blog.directcapital.com/.
Direct Capital Corporation