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FBN’s Peter Barnes on a report from research firm Paynet that there is an increase in lending to small businesses.
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Small business lending is getting stronger setting the stage for more economic growth and more start -- according to a new report from a net.
A financial information research firm.
October pay not small business lending index hit 100.
Not as high as its all time peak in 2007.
But well above its bottom of 66.
Just eighteen months ago.
We got there I think faster than anybody thought we would.
To what eighteen months but we're back to a hundred and picture shows that there's underlying expansion going on with these millions of small companies.
-- -- says entrepreneurs are starting up more amusement entertainment agriculture and wholesaling companies.
As well as real estate service firms that are dealing with the wave of foreclosures including appraisals but startups are declining among insurance agencies and retail food -- You have the start -- occurring.
Coming back online but you also have less business failures and that combination is gonna result in what were estimating to be about 200000.
Net net new business formations positive.
In 2011 inning and another.
-- set in 2012.
-- -- also says that according to its database of lease and loan payment data loan defaults by small companies continue to decline which are making small firms more fiscally fit.
That's it for this edition of the small business report I'm Peter Barnes Fox Business now.
