The default rate for small-business loans fell for the first time in two years in December, according to PayNet. Accounts in default fell to 0.87% that month, from 0.89% in November. "The headline here is that the recession in this economy is most likely over, but full recovery to pre-recessionary levels is still years away," said Bill Phelan, president and founder of PayNet.

Full Story:

Related Summaries