agent Entrepreneur logo
MenuMENU
SearchSEARCH

U.S. Small Business Borrowing Rises: PayNet

May 1, 2014
2 min to read


Via Reuters


U.S. small businesses boosted borrowing in March, signaling a renewal of confidence in growth prospects after an unusually harsh winter crimped investment.

Ad Loading...


The Thomson Reuters/PayNet Small Business Lending Index, which measures the volume of financing to small companies, rose to 115 in March from 111.6 in February, PayNet said on Wednesday.


It was the first monthly gain since December, and marked an 18 percent increase from a year earlier.


The year-on-year increase, the biggest in more than two years, reflects more optimism among small business owners and "signals some continued strengthening" for the U.S. economy overall, PayNet founder Bill Phelan said.


After stumbling badly in the first quarter, the U.S. economy appears set for a rebound, with economists predicting that growth this quarter will come in at an annualized rate of 3 percent or more.


Federal Reserve policymakers are set to wrap up a two-day meeting on Wednesday with a decision to continue reducing the U.S. central bank's bond-buying stimulus at a measured pace, reflecting their expectations that despite increasing momentum the economy still needs plenty of support.

Ad Loading...


A separate index released by PayNet showed loan delinquencies only slightly above recent record lows. Delinquencies of 31-to-180 days, PayNet's broadest measure of late loan payments, ticked up to 1.48 percent of all loans made.


The index hit a high of 4.73 percent in August 2009. The record low was 1.44 percent last October.


PayNet collects real-time loan information such as originations and delinquencies from more than 250 leading U.S. lenders.

Subscribe to Our Newsletter

More Training

Businessman signing document with pen
Training•October 1, 2026

Turning Regulatory Pressure Into Profitable Performance

A compliance-first F&I Strategy for today's auto dealer is essential given recent enforcement actions on the state and federal level. Here’s how to help your dealer-clients establish it.

Read More →
Empty classroom with lecturn, chairs and video proejction screen
Training•by Rick McCormick•September 16, 2026

Major Shifts in F&I Training

General agents must help F&I managers rise to the occasion of the modern consumer, who has very different expectations in order to relax into trust.

Read More →
Photo of financial documents with a magnifying glass, calculator and pen on top
Training•by Hannah Mitchell•August 31, 2026

Be a Compliance Hero

Agents can steer their dealer clients toward proper advertising practices, including regular audits, to help keep them on the straight and narrow in a period of elevated regulation.

Read More →
Ad Loading...
Photo of man signing document with a blue pen
Training•by Gil Van Over•July 28, 2026

Leasing Is Picking Up. What About Disclosures?

Agents and dealers must ensure proper documentation of lease costs and funding and end the practice of wedging lease orders into buyer’s orders — or ignoring them.

Read More →
'CHANGES' spelled out in two-dimensional letters on a concrete-like surface
Training•by David R. Ibarra•July 8, 2026

Manage Change, or It Will Manage You

Two retail tales from the pandemic paint a stark contrast in the wise approach and the defensive move that will undercut success rather than build on it.

Read More →
Marble statue holding hands to face.
Training•by Justin B. Gasman•June 5, 2026

Train the Mind, Grow the Department

Agents who want to create real value must do more than bring coverage options. They must help dealers build stronger thinking, better habits and better results.

Read More →
Ad Loading...
Photo of a stack of folded newspapers on a table
Training•by Gil Van Over•May 7, 2026

Headlines Can Be Deceiving

Warning letters the FTC sent to dealers suspected of deceptive pricing have retailers and the agents who counsel them on edge. Read past the headlines to get and stay compliant.

Read More →
Photo of mechanic wiping his hands on a rag
Training•by Hannah Mitchell•March 12, 2026

Service Drive Satisfaction Up

Auto dealerships have a ways to go, though, on many basic points, along with some new consumer expectations that would boost their competitiveness if fulfilled.

Read More →
Photo of man's hand holding a pen above a piece of paper on a desk
Training•by Rick McCormick•March 11, 2026

Agents Bring the Message and the Focus

The most predictable profit in today's unpredictable automotive retail market is a dealership’s finance-and-insurance department.

Read More →
Ad Loading...
Training•February 19, 2026

Policy Responses to Data Breaches

The recent 700Credit cyberattack is a wake-up call for agents and dealers. Review disclosures and tighten vendor oversight to maintain compliance and preserve customer trust.

Read More →
Ad Loading...