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U.S.-based small businesses experienced an increase in borrowing in September compared to a downwardly modified reading of 135.6 in August, and rose by 11 percent over last year, Reuters reported.
The Thomson Reuters/PayNet Small Business Lending Index rose to 140.4 in September from the previous month’s 135.6 score.
Small businesses doing the borrowing are in various industry sectors, including transportation, warehousing, construction, accommodation, food, healthcare and real estate.