It seems that small businesses across America are starting to borrow again. According to statistics, small business borrowing is at a six-year high. This is a very significant indicator that the economy is starting to recover again.
It also shows that the budget battle did not derail the recovery of the economy.
According to an article by Ann Saphir for reuters.com, “The Thomson Reuters/PayNet Small Business Lending Index, which measures the volume of financing to small companies, rose to 120.4 in October, PayNet said on Tuesday.”
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