Small Business Borrowing Rises in October

New York, NY, Dec. 3, 2012 -- Small businesses borrowing rose in October, according to the Thomson Reuters/PayNet Small Business Lending Index, Reuters reported.

The gauge, which measures the volume of financing to small companies, rose to 107.5 from  96.4 in September, which PayNet said is likely an indication of growing optimism among small businesses.

Borrowing was up 11 percent in October from a year earlier.