PayNet is expanding its economic indicators to measure the Canadian small business economy.

PayNet maintains the richest and largest collection of small business loans and leases to provide insight proven to accelerate credit decisioning and reduce risk.

“This new set of 53 individual indices provides CEO’s, regulators and government officials a view into the current business conditions in the Canadian small business economy,” states William Phelan, president of PayNet, Inc.  “These extensive indices provide early signals of economic growth, demand for capital, business fixed investment, and a gauge of financial stress across multiple sectors of the economy.”

The over $300 billion Canadian asset-based financing, equipment and vehicle leasing industry is the largest provider of debt financing after the traditional lending sector. Asset-based financing raises Canadian living standards and touches virtually every business and consumer in Canada.

The new Canadian Business Lending and Delinquency Indices include indices at the National level as well as segmented by Province or Industry Segment.

Canadian Business Lending Indices

• The Canadian Finance & Leasing Association (CFLA) co-brands the CFLA Canadian Business Lending Index (CFLA CBLI), which consolidates the volume of new commercial loans & leases to small and medium-sized borrowers.
• The PayNet Canadian Small Business Lending Index (PayNet CSBLI) and PayNet Canadian Medium Business Lending Index (PayNet CMBLI) measure the volume of new commercial loans and leases to small and medium sized borrowers, respectively.
• The PayNet CSBLI is segmented into 7 distinct regional segments including Alberta, British Columbia, Manitoba, Ontario, Quebec, Saskatchewan, and the Atlantic Canada region.
• The PayNet CSBLI is segmented into 9 distinct industry sectors of the Canadian economy including Accommodation & Food, Agriculture, Construction, Manufacturing, Professional Services, Retail, Transportation, Wholesale, and Other.

Canadian Business Delinquency Indices

• The Canadian Finance & Leasing Association (CFLA) co-brands the CFLA Canadian Business Delinquency Index (CFLA CBDI) which gauges small business financial stress and default risk at the national level
• The PayNet Canadian Business Delinquency Index by Industry Segment (PayNet CBDI) tracks delinquencies in 7 regional segments including Alberta, British Columbia, Manitoba, Ontario, Quebec, and Saskatchewan, and the Atlantic Canada region.
• The PayNet Canadian Business Delinquency Index by Province (PayNet CBDI) tracks delinquencies on 9 distinct industry sectors of the Canadian economy including Accommodation & Food, Agriculture, Construction, Manufacturing, Professional Services, Retail, Transportation, Wholesale, and Other.

PayNet will be launching these indices at the Canadian Finance & Leasing Association (CFLA) Annual Conference September 16-18, 2015 in Ottawa, Canada.