Small U.S. businesses increased borrowing for a second month in May, pointing to growth ahead for an economy still struggling to pull free from a recession that ended four years ago.
The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to small U.S. companies, rose to 115.1 from a downwardly revised 108.1 in April, PayNet said on Tuesday.
From a year earlier, the index jumped 9 percent, putting it within striking distance of the five-year high of 116 reached in December. The April figure was originally reported at 110.5.
