PayNet index signals gloom in small-business borrowing

05/1/2013 | Reuters

March was the fourth consecutive month that small businesses reduced borrowing, according to the Thomson Reuters/PayNet Small Business Lending Index. This adds to a weak signal that the index has been reporting for months. Small businesses "don't have an appetite to take risk ... they must have an opinion that the risks are too great," PayNet co-founder and President William Phelan said.

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