According to Reuters, the Thomson Reuters/PayNet Small Business Lending Index dropped to 128.9 in September, marking a steep decline from the 132.8 measured in August.
Reuters said the index is now at its lowest measurement since January.
Reuters also reported that for the sixth straight month loans more than 30 days past due rose, climbing 1.64% in September, which Reuters said is the highest delinquency rate since December 2012.
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