September 2, 2026 Download

Small Business Credit Risk Quarterly – Q2 2026

Written by Dave Wasik, Ben Peters, and Chris Woods

We are excited to share our latest Small Business Credit Risk Quarterly!

The small business credit environment continues to send mixed signals. Overall SMB lending activity is declining, even as SBA lending remains strong, while risking business bankruptcies and uneven credit performance across industries point to growing pockets of stress. At the same time, shifting economic conditions and recent policy developments continue to reshape the outlook for small business lenders.

Our latest report takes a closer look at these trends, including SMB and SBA lending activity, credit performance, business formation and sentiment, bankruptcies, and the broader macroeconomic environment.

Please reach out to authors Dave Wasik, Ben Peters, and Chris Woods if you have any questions or would like to discuss more.