2016Q2

 

      

INTRODUCTION

 

This Quarterly Asset-Based Lending Index was developed to help Commercial Finance Association members and external constituencies monitor industry trends.

25 of the largest CFA members engaged in asset-based lending provided data for this Index.

The mix of reporting members changes from time to time. Also, they occasionally revise previously reported data. In these instances, data from prior indices is restated.

This survey was conducted by R.S. Carmichael & Co. on behalf of the CFA.

 

 

BUSINESS DEVELOPMENT

Total committed credit lines in 2Q 2016 were up 0.3% from the prior quarter.

Compared to the same quarter in 2015, total commitments grew 8.4%.

Lenders’ new credit commitments in 2Q 2016 were 23.2% above the previous quarter and 2.4% above the same quarter in 2015.

Credit line utilization as of June 30, 2016, was 40.1%. This was above the previous quarter (39.7%) but lower than the same quarter in 2015 (41.6%).






17% of lenders reported an increase in non-accruals in 2Q 2016 compared to the prior quarter. In 1Q 2016, 17% also had reported an increase.

With respect to gross write-offs, 21% of lenders reported an increase in 2Q 2016 compared to 17% in 1Q 2016.

Gross write-offs as a percentage of total asset-based loans outstanding continued to be within historical ranges.