Small Business Rises

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According to a report on Monday, small businesses rose in October. The PayNet Small Business Lending Index measures the total volume of financing to small U.S companies. PayNet reported that the statics rose to an 11 percent from a report of last year.

In an interview with the founder of PayNet, Bill Phelan said “They are seeing some profit-producing opportunities, and are wading in,The odds have shifted toward some optimism for next year.” The unemployment in October was registered with almost 6 percent, the economists view the unemployment as normal.

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