Equifax Inc. reported that its Small Business Lending Index (SBLI) for October 2025 showed a 5.9% increase in nominal small business lending volumes month-over-month and a 2.8% increase year-over-year. The three-month moving average of the SBLI rose by 0.8% from the previous month and 1.2% compared to the prior year. The Small Business Delinquency Index (SBDI) for accounts 31-90 days past due was measured at 1.69%, a decrease of three basis points month-over-month and 13 basis points year-over-year. Delinquencies in the 91-180 days past due category remained unchanged at 0.71% from September to October 2025. The Small Business Default Index (SBDFI) was recorded at 3.23%, down six basis points month-over-month and 20 basis points from October 2024. Regionally, 34 states reported year-over-year increases in 12-month rolling lending volumes, with Georgia seeing the highest growth among the 10 largest states at 6.6%. California experienced the largest decrease at -9.2%. Oklahoma (+12%) and Kansas (+9%) led all states in growth, while Alaska (-15%) and California (-9%) reported the largest declines compared to October 2024. Month-over-month, 24 states saw a decline in lending activity, with Alaska and California both down 3%.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equifax Inc. published the original content used to generate this news brief on December 19, 2025, and is solely responsible for the information contained therein.
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