Small business borrowing is at the highest it’s been in six years, according to the Thomson Reuters/PayNet Small Business Lending Index. This suggests “[t]here is some optimism returning to small businesses,” which “are responding to some demand,” PayNet’s president tells Reuters.

The index, which measures the volume of financing to small companies, rose 11 percent in July. The level has not been this high since August 2007.

With that said, here are some general tips to consider for small business owners who are looking for financing:

If you’re ready and sure that a business loan is in your near future, check out FindLaw’s Business Loan Resources for more information.

(Disclosure: FindLaw.com is owned by Thomson Reuters.)

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Related Resources:

  • Small-Business Lending Jumps in July (Fox News)
  • Financing Basics (FindLaw)
  • Land a Small Business Loan With These 5 Tips (FindLaw’s Free Enterprise)
  • 5 Ways to Finance a Small Business (FindLaw’s Free Enterprise)

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