U.S. small-business borrowing slips in February, up on year: PayNet

March 31, 2015 9:07 AM

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U.S. small-business borrowing slips in February, up on year: PayNet

WASHINGTON (Reuters) - U.S. small businesses took out fewer loans last month but borrowing was up from a year ago as firms ramped up investments in their operations, according to data released on Tuesday.

The Thomson Reuters/PayNet Small Business Lending Index fell to 119.2 last month from 122.4 in January. Still, the index was up 7 percent from February 2014, signaling a steadily improving sector.

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