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Small Business Lending Rises Along With Optimism

October 8, 2012 | Small Business Loans

According to a recent survey done by Thomson Reuters PayNet, a research firm that tracks small business loan activity, more small business owners have borrowed more money to buy a building in August. This is the second consecutive month for a rise in commercial finance to small business owners. [source]

The 3% rise in lending is a positive sign that the commercial small business economy is improving as the market is gaining certainty. The National Federation of Independent Businesses cited in their September economic trend report that there was an “increase in owners expecting better business conditions in six months.” This raised what NFID calls the optimism index.

Helping to increase this optimism is the advancement of private sector jobs. “Private-sector employment increased by 162,000 from August to September on a seasonally adjusted basis, according to the latest ADP National Employment Report®…Employment levels among medium-sized payrolls—those with 50 to 499 workers—rose by 64,000, while employment on large payrolls—those with 500 or more workers—increased by 17,000 jobs in September.”[source]


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