Select an Account to Sign In


Text & Email, Appointment Scheduling, Customer Database

MyDex Account

Pay Bills, View Reporting, Manage Your Listings

U.S. Small Business Borrowing Hit Five-Month Low in February

By | 04.03.14
U.S. Small Business Borrowing Hit Five-Month Low in February

According to the Thomson Reuters/PayNet Small Business Lending Index, borrowing by U.S. small businesses fell to 110.5 in February from 116.5 in January – the lowest it’s been since September 2013. Considering that the index was at an almost seven-year high in December, the unseasonably cold weather experienced at the end of 2013 and in the first part of 2014 is the most likely culprit. In fact, experts predict that business growth in the first quarter of 2014 will plummet below 2 percent – down from 2.6 percent in the fourth quarter of 2013.

But things are looking up since employment growth, production, and retail sales are beginning to pick up with the warm weather emerging. Another PayNet index reported loan delinquencies in February as holding steady with 1.49 percent of all loans made being delinquent. The record high for this index was 4.73 percent in August 2009, and the record low was 1.44 percent last October.


Mutikani, Lucia and Hay, Andrew. “U.S. small business borrowing slows in February” 4/1/2014.

Share: Share to Facebook Share to Twitter Share to LinkedIn

Like what you see?
get more free content.

Next Up In Online Listings

Small Business Saturday: The One Thing You Can’t Afford to Overlook

We recently shared our top tips for preparing for Small Business Saturday later this month, November 25. Top 5...

Read More


You could waste hours browsing the Web for local business news, and we know you don’t have the time. But, we...

Read More

Are you ready for National Small Business Week?

According to the U.S. Small Business Administration (SBA), April 30 – May 6, 2017 is National Small Business Week...

Read More

Explore the Blog