United States Small Businesses Borrow More

In January 2014, small businesses in the United States took more loans than a year before. The amount of financing to the small companies is measured by the Thomson Returns/PayNet Small Business Lending Index. In January 2014, it rose to 117.2, which is four percent up than a year earlier.

Small businesses take loans to buy equipment, factories and new tools. The country’s economy grew at 2.4% in the last year’s fourth quarter. It is slower than estimated but is fast enough to beat unemployment. This indicates that growth of the small businesses continues and new hiring will happen in the days to come.

Source – Reuters.com

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