The pace of lending to small businesses appears to be at a standstill. A study by PayNet, a financial research firm, shows that lending was virtually unchanged in February.
The Thomson Reuters/PayNet Small Business Lending Index came in at 98.3 in February, up from 98.2 in January. The index registered 110.5 in December as companies acquired equipment before the expiration of tax deductions at the end of 2011. PayNet's analysis shows that lending is at the level where it was during the summer.
PayNet bases its index on new commercial loans and leases granted to small businesses by the lenders in its database.
The company says its findings show that small business growth is slowing. That may lead to slower growth in the overall economy.
Hypocrisy Alert: That Time Sen. Clinton Said The Bush Administration Might Have ‘Something To Hide’ By Refusing To Turn Over Documents | Matt Vespa
NBC Sued For Libel And Slander After Comparing Tannerite Target Company to Terrorists, Killing Americans | Katie Pavlich