PayNet: Small-business borrowing continued increasing in February

04/4/2011 | Reuters

Companies continued financing replacement of aging equipment in February, as the Thomson Reuters/PayNet Small Business Lending Index, which measures overall volume of borrowing by small businesses, increased 15% compared with the same month last year. However, seasonally adjusted borrowing fell below November's level, and January data were revised downward. "These numbers are a little disheartening and disappointing." said William Phelan, PayNet's president and founder.

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