The average personal credit score for a small-business owner is 721, while the average credit score for a consumer is 673.
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Average Small-Business Owner
Small-business owners have an average credit limit of
$56,100, while consumers have an average limit of $26,900.
Debt load is also higher for small-business owners, with the
average total balance of all trades at $195,000 versus $96,000 for consumers.
Credit limit and
The balance-to-limit ratio (also known as credit utilization ratio) for small-business owners is 29.5% versus 30.1% for consumers.
Small-business owners pay $2,032 on average compared with $954 for consumers.
The average mortgage balance for small-business owners is $192,000 versus $147,000 for consumers.
The average number of open trades for small-business owners is 7.4 versus 4.4 for consumers.