U.S. small business borrowing jumps in May

The increase, to 127.1 from 125.4, suggests small business owners continue to see demand rising and are investing in their firms, PayNet founder Bill Phelan said. A separate index released by PayNet showed loan delinquencies unchanged from the prior month, with delinquencies of 31 to 180 days, PayNet's broadest measure of late loan payments, at 1.48 percent of all loans made. PayNet collects real-time loan information such as originations and delinquencies from more than 250 leading U.S. lenders.

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