Secret Site Map
Wednesday, April 01, 2015

Home News U.S. Small Business Loans Jump

U.S. Small Business Loans Jump

Business Strategy

Small U.S. businesses stepped up borrowing in September, data released by PayNet on Monday showed, suggesting the recovery is gaining steam even before the Federal Reserve Bank embarks on an expected new round of monetary stimulus.

| November 2, 2010

Small U.S. businesses stepped up borrowing in September, data released by PayNet on Monday showed, suggesting the recovery is gaining steam even before the Federal Reserve Bank embarks on an expected new round of monetary stimulus.

The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses, rose 16 percent in September from a year earlier, PayNet said.

The index rose 15 percent in August, and is now at the highest level in almost two years.

A surge in borrowing by small businesses can be a harbinger for the broader economy, because small firms account for as much as 80 percent of new U.S. hiring.

Click here to read the entire article.

Source: CNBC

Top news

Pair of Destructive Termites Create New Hybrid Colonies

Two of the most destructive termite species in the world are now swarming simultaneously in South Florida, creating hybrid colonies that grow quickly and have the potential to migrate to other states.

Truly Nolen Promotes Scarlett Nolen

Scarlett Nolen, daughter of Truly Nolen, has been promoted to coaching and retention coordinator.

UF/IFAS Grad Student Wins Prize for Mosquito Trap Research

Casey Parker recently won the ONE WORLD competition, organized by the UF College of Agricultural and Life Sciences Challenge 2050 Project in conjunction with the Syngenta Good Growth Plan.

California Cities Top List of Terminix's 20 Most Termite-Ridden Cities

Terminix released its annual ranking of the most termite-infested cities in the country. Cities in California and Texas dominated the list, earning six of the top 10 spots.

Newly Published Book Explores History of Bed Bugs

Science journalist Brooke Borel has penned ‘Infested: How the Bed Bug Infiltrated Our Bedrooms and Took Over the World,’ a look at the biological and cultural histories of these amazingly adaptive insects.

x