January 9, 2017
Main Street Monday — Small Business Borrowing Rises as Trump Elected President
By Bob Coleman
Editor, Main Street Monday
“Right now we’ve got this post-election bounce, because we know who will be in office,” says Bill Phelan, PayNet’s chief executive and founder. “Is this going to continue into a new era of growth or no? That’s unclear.”
The Thomson Reuters/PayNet Small Business Lending Index rose to 129.9 in November from a downwardly revised 119.8 in October. Measured from a year earlier, it was the first increase in six months. Movements in the index typically correspond with movements in gross domestic product growth a quarter or two ahead.