The Thomson Reuters/PayNet Small Business Lending Index rose to 120.4 in October, its highest level since August 2007. This is generally seen as a positive leading indicator for the U.S. economy, as small businesses step up their borrowing to handle growth in orders. Supporting this trend, PayNet also reports that delinquencies as a percent of loans set a record low in October.
As small businesses continue to lead the economic recovery, Riviera Finance provides financing alternatives to handle short-term, seasonal or ongoing cash flow needs. Find a local office near you.
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