U.S. small-business borrowing falls in June
| Reuters
The Thomson Reuters/PayNet Small Business
Lending Index, which measures the overall volume of financing to small
U.S. companies, sagged to 98.5 from 103.8 in May, PayNet said. The
index, which points to changes in overall economic growth several months
in the future, has fallen in five of the past six months.
"Small businesses really took a dive," said PayNet founder Bill Phelan. "What this means is, the slowdown is going to continue."
Borrowing rose 2 percent in June from a year earlier, the slowest year over year pace since July 2010.
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