Daily News: November 1, 2012

PayNet: Small Business Borrowing Drops in September

Reuters reported that lending to small U.S. businesses plunged in September to the lowest level in 14 months, according to the Thomson Reuters/PayNet Small Business Lending Index. Overall volume of financing to small U.S. companies dropped to 94.1 from a downwardly revised 108.9 in August, Reuters said, citing the survey.

To read the full Reuters article, click here.