The second quarter of 2014 has allowed many small businesses to regain confidence.
Atlanta, GA (PRWEB) September 17, 2014
C2C Resources, a leader in commercial debt collection across the United States, issued a statement today in response to the release of the Experian/Moody’s Analytics Small Business Credit Index report for the second quarter of 2014 late last month.
The report found, as predicted in Experian/Moody’s first quarter findings, that small businesses across the country overcame the economic turmoil they experienced during the harsh winter season of the first quarter. This allowed a majority of the small businesses to bounce back in the second quarter, typically known as a period of summer slump, as a result of restored consumer confidence.
Key findings from the report include: the average commercial risk score increasing 5.8% from last year up to 61.4%; small business bankruptcies down nearly 12% compared to last year; and small businesses decreasing their payment cycle by 4.5% compared to last year.
Todd Tinkler, President of C2C Resources, believes the improvement in small business credit will allow owners to increase their company’s cash flow and run it more efficiently with less risk.
“The second quarter of 2014 has allowed many small businesses to regain confidence,” explained Todd Tinkler, President of C2C Resources. “With the holiday season quickly approaching, I anticipate that the traditional increased customer spending will allow small businesses to have a successful end to 2014. Last year, the fourth quarter results were the highest since Experian/Moody began their data tracking in 2010.”
About the Small Business Credit Index:
Experian’s Business Information Services and Moody’s Analytics have been releasing the Small Business Credit Index report on a quarterly basis since 2010. The report features an in-depth analysis of the health of small business credit throughout the United States.
About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 25,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.
C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.