Mixed News about the state of small business...

Posted by Expert Gadget Reviewer on Friday, 30 October 2009

Recent information on the default rate of small and medium sized businesses illustrates that a portion of the economy is still struggling to climb into the recovery.

In the latest report, defaults by small and medium sized business on loans, leases, and lines of credit used to finance equipment investment, rose to .85% in September, up from .81% in August. This information is according to Paynet, a provider of risk management tools to the commercial lending industry.

The report isn't all bad news, as it showed that accounts in "moderate and severe" delinquency, actually fell during the month (from 4.35% in August to 4.22% in September), showing that some businesses are finding it easier to meet their obligations.