Small Business Defaults in Missouri Up in October – PayNet

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Press Release updated: Dec 18, 2017 14:00 CST

Chicago, IL, December 18, 2017 – PayNet, the premier provider of small business credit assessments on private companies, announces that in October 2017 overall defaults increased among small businesses in Missouri. Of the 18 major industries, 10 increased and 8 dropped in the state compared to the prior month.

After a 3 basis point rise from September, Missouri's PayNet Small Business Default Index (SBDFI) at 1.91% was 7 basis points higher than the national SBDFI level of 1.84%.  Year-over-year, Missouri's SBDFI increased 21 basis points, while the national SBDFI rose 2 basis points.

The industries with the highest default rates in Missouri were Transportation and Warehousing (4.14%); Information (2.83%); and Professional, Scientific, and Technical Services (2.57%). Nationally, Transportation and Warehousing had a default rate of 4.38%, with a difference of +0.17% compared to the prior year, while Missouri had a variance of -1.24%.

Time will tell how these conditions will affect Missouri's economy going forward.

William Phelan, President

At 87.0, the PayNet Small Business Lending Index (SBLI) for Missouri rose 0.2% from the previous month's state level, but was 13.0% lower than the national SBLI level of 100.0 this month.

“Time will tell how these conditions will affect Missouri's economy going forward,” explains William Phelan, president of PayNet.  

Source: PayNet

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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