Blog & Company News
Jun 6, 2013
Biz. Borrowing Up in April 2013
According to Thomson Rueters/PayNet Small Business Lending Index it seems for the first time in 2013 there is an increase in business borrowing. Results clearly show that the index rose to 110.5 from just 99 so it is back where it was at the very beginning of the fiscal year.
As we have talked about on this blog over the last few months, business have shown some hesitancy to borrow because of concerns regarding federal budget cuts, questionable economic recovery, and of course the difficult-to-predict impact of new health care costs. That being said, it is hard to say whether the increase that happened in April actually marked the beginning of a true trend.