The Thomson Reuters/PayNet Small Business Lending Index dropped to 127.4 from a reading of 129.9 in October. It was the lowest level since February.
“Small business has suddenly decided to hold off on investment to produce more goods and services,” said Bill Phelan, president of PayNet.
Reuters said that business owners may be waiting on a number of factors, including the Fed’s interest rate increase, the international economic slowdown and the U.S. presidential race, before beginning new investments.
When it comes right down to it, the vendor finance segment of the equipment leasing and finance business has become stale, boring and bereft of innovative products and services. Six years ago I wrote an article predicting the future of... read more
Up until I spotted the iceberg looming ahead, it had been a perfectly nice voyage. The CEO and I were both excited to launch a new product in a growing field. However, after my repeated requests to find more beta... read more