Small-business lending rose in October, PayNet says

12/3/2012 | Reuters

The Thomson Reuters/PayNet Small Business Lending Index rose to 107.5 in October from 96.4 in September and small-business lending is up 11% from October 2011. PayNet founder Bill Phelan attributes the increase to a rise in optimism. Smaller companies "are seeing some profit-producing opportunities, and are wading in," he says.

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