A vast majority of businesses in the U.S. are firms with 500 or fewer workers. The impact of the coronavirus pandemic on these small businesses is significant, with many reporting revenue declines, cuts to employee hours and the need to request federal aid. Further, the Paycheck Protection Program (P3) has drawn attention to the fact that businesses - particularly small businesses - are the sole source of income, and therefore prosperity, of many consumers. The financial health of consumers depends in large part on the financial health and investment ability of the businesses where employees earn their pay. Without a healthy business, there is no healthy paycheck.
Join Equifax as we deliver key insights on the economy and consumer credit, while taking a look at the impact more specifically on Main Street America. Lenders and service providers alike will find value in these trends and the potential impact on both consumer and small business spending capacity.
Thomas M. Sullivan, Vice President of Small Business Policy at the U.S. Chamber of Commerce
Dr. Amy Crews Cutts, President and Chief Economist at AC Cutts & Associates
Bill Phelan, Senior Vice President & General Manager of PayNet, an Equifax Company
Jennifer Cox, Risk Solutions and Consulting Leader at Equifax
Tom Aliff, Data and Analytics Consulting Leader at Equifax
This webinar will cover:
U.S. Economic Update
Consumer Credit Insights
Small Business Lending Index, Small Business Delinquency Index, Small Business Default Index including key industry sectors
The Importance of Small Business Resilience for the U.S. Economy
New conditions businesses face, how they are adapting, and implications for consumers
Webinar broadcast date: 6/4/2020
For more on how you can navigate this time of economic uncertainty, visit our Market Pulse page.