Small-business financing increases in August

Small business office

According to a recent Reuters report, lending to small-businesses in the U.S. rose in August for a second straight month. Once again, this may be a sign the economy might be back on track. The Thomson Reuters/Paynet Small Business Lending Index, which measures the overall volume of financing to small U.S. companies, rose to 109.9 from July’s upwardly revised 106.7 which is the highest level this year. Madison Capital is seeing business owners respond to market opportunities by bringing on equipment and vehicles they need to grow their businesses. Good news. Let’s hope it sustains.