PayNet loan index shows businesses are cautious, slowly mending

03/5/2013 | Reuters

The Thomson Reuters/PayNet Small Business Lending Index dropped to 113.1 in January, from an upwardly revised 115.8 in December, because of ongoing cautiousness by businesses, PayNet says. Accounts overdue by 30 days decreased slightly, as did longer-term delinquency. "It's a play-it-safe kind of economy for small businesses," PayNet co-founder and President William Phelan said.

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