Main Street Cuts Borrowing for Second Straight Month
April 17, 2013
Says the Thomson Reuters/PayNet Small Business Lending Index, “Perhaps more telling are early signs that financial stress is building.
“Trucking companies, whose behavior historically has led that of other small businesses, are having more trouble paying back their loans.
“Delinquencies of 31 to 180 days among transportation service and warehouses companies rose to 1.85 percent in February, up from an all-time low of 1.55 percent last August.”
“Delinquencies in other sectors are down. Overall, accounts overdue by one to six months slid to 1.58 percent from 1.62 percent of all loans made.”