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What is Small Business Lending Index mean?
The PayNet Small Business Lending Index (SBLI) is an economic indicator from PayNet Inc, An Equifax Company. Because small businesses generally respond to changes in economic conditions more rapidly than larger businesses do, the PayNet Small Business Lending Index serves as a leading indicator of the economy.
The index, utilizing small business loan origination data from major lenders, measures the volume of loans to Small Businesses normalized to a base year - 2005. Seasonally adjusted, the index is presented as an absolute as well as by a percent change versus the prior year. It is published monthly as follows:
The index has its highest correlation with GDP change as a leading indicator, leading between 2 and 5 months in advance. The index undergoes periodic checks to examine the accuracy of the estimates over time.{{cn|date=September2021.otrp.in link321890
reference| Full Form | Category |
|---|---|
| Savings Bank Life Insurance | Banking |
| Staff Builders, Inc. | Business |
| Small Business Lending Index | Business |
Posted on 05 Sep 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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