January 3rd, 2011
Reuters: Borrowing by small U.S. businesses jumped in November to the highest level in more than two years, PayNet Inc reported on Monday, as entrepreneurs invested in their businesses and did a better job of paying existing debts. Follow up:
Follow up:The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses, rose 17 percent in November from a year earlier, PayNet said.
It was the fourth straight double-digit jump and the ninth consecutive monthly increase of the gauge, which measures the loans, leases and lines of credit that small businesses originate to finance investment in their operations.
The index, which uses January 2005 as its base, rose to 88.3 in November, its best showing since September 2008 and up from 79.8 in October and 75.3 last year. Read more at Reuters.....