Credit Utilization Continues At Highest Levels in 23 Quarters As U.S. Companies Remain Cautiously Optimistic

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CFA Lending Index for Q3 2014 Shows Credit Utilization at Highest Levels

Further good news for the U.S. economy surfaced today as the Commercial Finance Association (CFA) released its Quarterly Asset-Based Lending (ABL) Index Q3 2014, showing American businesses utilized 43.4% of their credit lines during the 3rd quarter, an increase from 43.1% in Q2 2014, and up from 42.9% for the same quarter in 2013. The increase in Q2 2014 was a significant increase of two full percentage points (5%) from the first quarter and 0.7 percentage points (1.6%) from the same period in 2013.

While credit line utilization has consistently increased over the past four years, companies continue to utilize credit at levels below those in the years before the financial crisis when utilization of credit lines by U.S. businesses was generally higher than 50%.

“Once again, CFA’s ABL Quarterly Index Report provides more evidence that our economy has turned the corner and U.S. businesses are ready to grow. Asset-based lenders are well-positioned to provide the capital to fuel that growth in the fourth quarter and in 2015,” said Robert Trojan, Chief Executive Officer of the CFA. “Providing this exclusive report of industry data is another example of the value the Commercial Finance Association delivers to its member and the financial services industries as a whole,” continued Mr. Trojan.

CFA’s Quarterly Asset-Based Lending Index was conducted by R.S. Carmichael & Co., an independent market research firm. CFA has tracked asset-based lending activity and published the Quarterly Asset-Based Lending Index since March 2008 to provide insight on national commercial lending activity.

A full copy of CFA’s Quarterly Asset-Based Lending Index is available at

Founded in 1944, the Commercial Finance Association is the international trade organization representing the asset-based lending, factoring, trade and supply chain finance industries, with nearly 300 member organizations throughout the U.S., Canada and around the world. CFA provides education, networking opportunities and industry advocacy to the global commercial finance community.


Media contact:
Michael Arbini, Director of Marketing and Communications
Commercial Finance Association
marbini(at)cfa(dot)com, (646) 839-6086

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Michael Arbini