U.S. small business borrowing falls in June -PayNet

"We still think it's a pretty strong report," PayNet founder Bill Phelan said. Meanwhile, small business loan delinquencies rose to their highest in more than a year, a separate report from PayNet showed, suggesting a rising number of borrowers are already finding themselves in over their heads. Delinquencies of 31 to 180 days, PayNet's broadest measure of late loan payments, rose to 1.51 percent of all loans made, from 1.48 percent in May. Still, the index remains well below its high of 4.73 percent, in August 2009. PayNet collects real-time loan information such as originations and delinquencies from more than 250 leading U.S. lenders.



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