Small Business Borrowing in North Carolina on the Rise in November

Press Release (ePRNews.com) - Chicago, IL - Feb 01, 2018 - PayNet, the leading provider of small business credit assessments on private companies, announces that in November 2017 borrowing is rising in North Carolina. Of the 18 major industries, 10 increased and 7 dropped in North Carolina.

Registering at 118.6, the PayNet Small Business Lending Index (SBLI) for North Carolina rose 1.0% from the previous month’s state level and was 17.9% greater than the national SBLI level of 100.6 this month. We can cautiously anticipate improving financial conditions in North Carolina based on recent small business investment.

Wholesale Trade (31.7%); Admin & Support and Waste Management & Remediation Services (23.8%); and Other Services (23.4%) were the industries with the largest improvement in lending activity over the past year in North Carolina. Nationally, Wholesale Trade grew by 5.5% year over year.

At 1.71%, the PayNet Small Business Default Index (SBDFI) for North Carolina was 11 basis points under the national SBDFI level of 1.82% after a comparable value to last month. The national SBDFI dropped 1 basis points year-over-year, while North Carolina’s SBDFI dropped 3 basis points.

“Time will tell how these conditions will affect North Carolina’s economy going forward,” states the president of PayNet, William Phelan.

Source : PayNet
Business Info :
PayNet

You may also like this  

DISCLAIMER : If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/services/business mentioned and hereby disclaims any content contained in this press release.

Login

Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or form here

Already have an account ? Login

Reset Password

Already have an account ? Login