Borrowing Rises for U.S. Small Businesses

Borrowing by U.S. small businesses increased overall growth in September, according to the Thomson Reuters/PayNet Small Business Lending Index.

The Thomson Reuters/PayNet Small Business Lending Index was 140.4 in September, compared to a revised level of 135.6 from August. The September figure is 11% higher than September 2014. Companies borrowing in the transportation, warehousing, construction, accommodation, food, healthcare and real estate industries are leading the pack, according to a report from CNBC.

The jump is an indication companies are counting on a lift in household spending in the next few months.

Collection agencies can help small businesses by keeping their capital healthy. Besides the 136,100 people employed directly, 

U.S. debt collection agencies support the indirect and induced employment of more than 95,100 individuals in industries that sell goods and services to collection agencies and their employees, according to an ACA International/Ernst & Young study on the Impact of Third Party Debt Collection on the U.S. National and State Economies in 2013.

Considering both the direct and indirect economic impacts of the collection industry, the total employment impact on the U.S. is nearly 231,300 jobs with a total payroll impact of $12.4 billion.