Mar 7 2014, 4:21am CST | by Sumayah Aamir
Small business loans have been pushed a notch higher by the recovering economy. These mini-enterprises seem to have borrowed a lot more cash than was expected from the likes of their kind. And despite the arctic vortex this is one area where growth has not been stymied.
The Small Business Loan Lending Index rose to more than 117 back in January, belying the fact that things were down overall in matters of the money business. This is a 4% increase over the previous year’s record of small busniess loans. The whole trend points towards a growth in the US economy whether recognized by the pundits or not.
The burgeoning of this sphere was good news although it was not something to start shouting and jumping up and down about. Small-scale organizations tend to beg, borrow and steal enough cash to purchase implements, instruments and office premises.
From the looks of it there may exist more jobs in the future. This is a good sign indeed. The melting of an economic freeze that refused to budge means that the times are changing for the better. And this progress is a green signal for the Federal Reserve.
It too is planning on stimulating greater growth and serendipitous profitability in the days ahead. And small business loans will help it. But it all depends on the state of the economy. Growth is what we are all here for on earth. Without it all things come to a halt. The US economy grew at an annual rate of 2.4% which slowly eroded the monster of joblessness.
Meanwhile, the small business owners are beginning to get luckier in matters having to do with the fulfillment of their requests. And it is about time that the world of cottage industries and home made goods got a fillip from banks willing to loan reasonable amounts of money temporarily.
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