This paper examines the predictive qualities of the PayNet Small Business Delinquency Indices (SBDI) as leading indicators of financial stress and macroeconomic trends in the United States. PayNet has a rich data set that has been statistically proven to be a reliable indicator of future U.S. economic trends. The SBDI are designed to gauge small business financial stress and default risk, providing early warning signals of future insolvency across multiple sectors of the economy. The SBDI are defined at the national and state levels, including industry segmentation for Agriculture, Construction, Health Care, Retail, Transportation, and General Industries. In total, PayNet developed 365 indices for the entire U.S., all 50 states, six industries nationally, and six industries for each state.