PORTSMOUTH, N.H. (March 12, 2013) Small business lending demand continued to be very strong in February, according to the Monthly Small Business Lending Index released by Direct Capital, a leading provider of equipment leasing, business loans and working capital.
The index showed that small business lending demand across the United States in February was up considerably over February 2012. The January Monthly Small Business Lending Index showed lending demand was also up year over year.
The news should be encouraging to small businesses, which are only feeling slightly more confident than they did a month ago, according to a recent survey from the NFIB. The survey found that business confidence increased to 88.9% in February, a modest increase over the 88.0% reported in January.
“It’s great to see that the strong level of demand we witnessed in January was not a false-positive,” said Stephen Lankler, Senior Vice President at Direct Capital. “There’s a lot of mixed-messages regarding the state of small businesses right now, but all indications from our data are very encouraging.”
About Direct Capital
Established in 1993, Direct Capital provides financing for small- to mid-ticket equipment, franchise remodels and technology purchases, working capital, and business loans. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank blog at http://blog.directcapital.com/.