Small business lending up in June
Jul 08, 2012 | 425 views | 0 0 comments | 5 5 recommendations | email to a friend | print
A study released by PayNet, a research firm that tracks loans to small business, shows that lending to small businesses rose 12 percent in May from April’s levels. That’s the largest increase since June 2009, when the economy was pulling out of the recession.

William Phelan, president of PayNet, says the increase shows that small business owners are feeling more confident. But he said, they’re still uneasy about the economy and are unlikely to “indiscriminately throw caution to the wind and start investing wildly” in new equipment and employees.