Small business lending grew in March

Growth capital is needed by all aspiring small-business owners and entrepreneurs who are looking to expand their enterprise, and with the economy showing signs of improvement, it seems as though companies are seeking out more potential funding. The Monthly Small Business Lending Index released by Direct Capital, a provider of equipment leasing, business loans and working capital, revealed small business lending demand in the United States in March increased 4.5 percent from February. 

With increased lending prospects, these results shows small-business owners are trying to grow their firms while also looking to invest in opportunities to bring in higher revenue numbers. According to Forbes, small business lending programs are continually changing, with the Small Business Administration constantly trying to make it easier to come across funding.

"March has more business days than February, so we don't want to overplay the increased demand that our data models are showing," said Stephen Lankler, senior vice president at Direct Capital. "But, the Index continues to report that small business lending demand is up considerably over 2012. And that's exactly what we are seeing within our business."

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