Small Business Lending Index says small business lending back to pre-recession levels


Pulled from the Washington Post “On Small Business” section today, this article:

“Since January, the Thomson Reuters/PayNet Small Business Lending Index, which measures the volume of new commercial loans to small firms, has averaged 110.4, up substantially from an average of 103.6 in 2012.

That marks that fourth straight year-over-year improvement, with the average previously jumping from 74.2 in 2009 to 80.7 in 2010 to 94.6 in 2011. The scores are indexed so that the volume of loans from January 2005 equals 100; so the measure is now above pre-recession levels.”

“Credit health is up, delinquencies are down, and many indicators are pointing toward upward growth in small business lending activity,” says Norris Lozano, CEO of BusinessUS, a non-bank lender making SBA 7(a) loans to small businesses in targeted markets nationwide.