U.S. small businesses borrowed more in November, index shows

(Reuters) - U.S. small businesses increased their borrowing in November from a year ago, suggesting continued economic growth ahead even as the Federal Reserve begins to reduce its massive monetary stimulus. The Thomson Reuters/PayNet Small Business Lending Index, which measures the volume of financing to small companies, rose 1 percent in November from a year earlier, to 111.4, PayNet said on Thursday. "It's another sign of continued expansion," PayNet founder Bill Phelan said. Small businesses "are seeing more demand for goods and services, and that's all good for GDP."

via Business News - Yahoo Finance http://finance.yahoo.com/news/u-small-businesses-borrowed-more-100939492.html