Borrowing by small businesses increased in May, PayNet says

06/30/2011 | Reuters

The Thomson Reuters/PayNet Small Business Lending Index increased 26% last month compared with May 2010. The index, which measures financing by small businesses, was at its highest level since July 2008. "If small businesses are taking these kind of chances, taking risks, making long-term investments, they are seeing some long-term opportunities on the horizon," PayNet founder and President William Phelan said.

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