The latest data release from PayNet shows that lending activity to Canadian small businesses improved slightly in April after declining for nine consecutive months.
The latest data release from PayNet continues to show a slowdown in lending activity to Canadian small businesses.
Equifax Inc., (NYSE: EFX) a global data, analytics and technology company has acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canadian markets.
The PayNet Canadian Small Business Lending Index (CSBLI) seasonally adjusted originations decreased 1.7% from 113.5 in January 2019 to 111.6 in February 2019 — its eighth consecutive monthly decline — and remains below more than half of all historical readings.
Today’s data release from PayNet provides the latest evidence that the lending cycle is turning from steady increases to moderate pullback for Canadian small and mid-sized businesses.
The PayNet Canadian Small Business Lending Index, a leading indicator of small business health and confidence, increased 7% over the prior year in December, representing the eighth consecutive year-over-year increase.
What is the domain of independent financing companies? How do independents create value and differentiate themselves from often much larger and lower rate competitors?
Turn-key integration to enable financial institutions to leverage PayNet’s MasterScore® within Numerated’s real-time lending software.
While October saw the sixth consecutive month of year-over-year investment increases, growth is slowing.
September marks fifth straight month of year-over-year investment increases.
August marks the fourth straight month of year-over-year increase in investment.
Canadian private companies moving in the right direction after more than a year of contraction
Canadian small business investment levels have shifted from contraction to expansion.