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Small Business Borrowing On The Rise

Small Business borrowing is on the rise and that is no small thing.

For a second month in May, small businesses ramped up their borrowing. The Thomson Reuters/PayNet Small Business Lending Index, which measures the number of loans made to small U.S. companies, rose to 115.1 from 108.1, a number revised in April that was originally 110.5. Over the past year, the index has climbed 9 percent.

Broad small business borrowing is a real solid sign of growth to come. Put this one in the things that make you feel good about business going forward column.

todd@toddkmiec.com

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