Q22015

 

      

INTRODUCTION

 

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

26 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.

 

 

BUSINESS DEVELOPMENT

Total committed credit lines were up 1.2% in 2Q 2015 compared to the previous quarter.  

Compared to the same quarter in 2014, total commitments rose 7.2%.

Lenders’ new credit commitments in 2Q 2015 were 9.0% higher than the previous quarter and 6.3% above the same quarter in 2014.  

Credit line utilization as of June 30, 2015, was 42.3%.  This was unchanged from the previous quarter and below the same quarter in 2014 (42.8%).






PORTFOLIO PERFORMANCE

25% of lenders reported a decrease in non-accruals in 2Q 2015 compared to the prior quarter.  In 1Q 2015, 21% had reported a decrease.

With respect to gross write-offs, 92% of lenders reported either a decrease or the same level of write-offs in 2Q 2015. 

Gross write-offs as a percentage of total asset-based loans outstanding continued to be at a very low level in 2Q 2015.