Small Businesses Borrowing More
By tracing borrowings of US small businesses and collecting real time information from more than 250 US capital equipment lenders, PayNet recently revealed that the PayNet Small Business Lending Index increased from 18 percent in August to 14 percent in September. The index represents the overall volume of finance provided to the US small businesses. The increased borrowing reflects that the small businesses have better financial conditions to facilitate trading requirement, to expand production facilities and increase employment opportunities. The borrowings had dropped down tremendously in 2008 and 2009 owing to the hit of recession. The double digit growth rate, despite the 9.1 percent unemployment rate in the US, clearly indicates the signs of revival of the overall economy and turning back to roads of stability.