Experian reported that small-business credit conditions improved significantly during the first quarter of 2013, despite the threat of heavier tax burdens and sequestration spending cuts. The latest Experian/Moody’s Analytics Small Business Credit Index climbed 5.7 points in Q1 to 109, up from 104.3 in the previous quarter. Much of the improvement was driven by lower delinquency rates and stronger consumer spending.

Source:  Experian / Moody’s Analytics Small Business Credit Index