June brought a slight increase in small-business lending

08/1/2010 | Reuters

An increase in small-business lending in June was too slight to indicate that the economy is improving, according to PayNet. Experts say the problem is not that banks are unwilling to lend, but that small-business owners don't feel comfortable taking out new loans. "The small-business owner is not aggressively borrowing to expand business right now," said William Phelan, president and founder of PayNet. "They don't see favorable prospects for expansion."

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