U.S. Small Business Lending Reaches Highest Level Since August 2007
Since December 2008, U.S. central bank’s short-term interest rates have been near zero. This low interest number has caused small businesses to borrow and invest. The Thomson Reuters/PayNet Small Business Lending Index is a system which measures volume of financing to small companies. The Business Lending Index rose 11% in July to 117.7, which is the highest level since August 2008. Learn more about how small business lending has increased here!