That's according to the
Thomson Reuters/PayNet Small Business Lending Index (SBLI). Borrowing is down 16% from a year ago. Even more troubling, the number of businesses that are late in repaying their loans is on the increase. These delinquencies could be an indication that the economy is contracting.
Looking for helpful business tools or new marketing ideas? A Tweetchat may hold the answer you need -- find one to join in our Tweetchat Calendar!