News for Small Firm Practitioners

Small Business Borrowing Index Hits New High

by Matthew Heller | Aug 06, 2015   ()

A benchmark of borrowing by U.S. small businesses hit a new record in June, providing possible ammunition for an interest-rate increase, Reuters reports.

U.S. Federal Reserve officials have been weighing what would be the right time to lift short-term borrowing costs from near zero, where they have been for 6-1/2 years. Last week, the central bank said it would need to see “some further improvement in the labor market.”

The Thomson Reuters/PayNet Small Business Lending Index rose to 143.3 in June from an upwardly revised May reading of 131.



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