Borrowing strengthens in small business, index shows

07/2/2013 | Reuters

Small-business borrowing rose in May, the second consecutive month of increase, according to the Thomson Reuters/PayNet Small Business Lending Index. Compared with May 2012, the index climbed 9%. "Small businesses are avoiding stall, and it means that there's a slow expansion that's in place," PayNet President William Phelan said.

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