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Wednesday, November 5, 2014
U.S. small business borrowing highest in 7-1/2 years
U.S. small businesses boosted borrowing in September, pushing the Thomson Reuters/PayNet Small Business Lending Index to its highest level in seven and a half years, according to data released on Monday.
The reading of 125.4, up from 118.5 in August, was the highest level since March 2007. The index is correlated with U.S. gross domestic product growth two to five months ahead.
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