Reuters reported, citing data from PayNet, that small business borrowing in June reached close to a two-year high.

The Thomson Reuters/PayNet Small Business Lending Index registered a reading of 139.9 in June, which was the highest it has risen since July 2015, Reuters said.

Reuters also noted that the increase in borrowing was primarily due to restaurants and hotels, with such companies borrowing 5.5% more than they did in June of 2016.