CHICAGO As losses mount at American banks and the pain of the credit disaster spreads from housing and finance to the broader economic system, many small companies complain it’s increasingly difficult to acquire loans.
The Thomson Reuters/PayNet Small Business Lending Index rose to 129.7 in December from a downwardly revised 129.1 in November. Measured from a year earlier, when the index registered one hundred thirty five.6, it was the sixth decline in seven months. Movements in the index typically correspond with movements in gross domestic product development a quarter or two ahead.
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