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The Lessors Network is an equipment finance news & media network designed to raise awareness and promote enterprise growth by publishing and distributing Breaking News, Press Releases, Legislative & Regulatory Updates and Event Announcements relevant to the largest equipment lease finance community on the Web.


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Small Business Investment Improving

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Positive Outlook Can Drive Canadian Economic Acceleration

(Toronto, CANADA—June 16, 2017) — PayNet, the premier provider of credit assessments on private companies reports the PayNet Canadian Small Business Lending Index (CSBLI) increased for the third straight month to 120.1 in April 2017 from 118.7 in March 2017. Compared to March 2016 the CSBLI is up 1%.

“This release was a shocker ” states William Phelan, president of PayNet, Inc. “ The smallest Canadian businesses are expanding for the first time in 16 months.”# # #Since January, strong investment growth is exhibited in Transportation (+7%), Construction (+2%), and Agriculture (+3%). Small business sectors with the most dramatic pullback in investment activity during the same period were Manufacturing (-3%) and Wholesale trade (-2%).

The PayNet Canadian Small Business Delinquency Index (CSBDI) 31-180 days past due declined 1 basis point (bp) to 1.09% in April 2017 from 1.1% in March 2017. Compared to April 2016, delinquency decreased 8 bps and is the first year-over-year decrease in 26 months.

Construction delinquency rose by 2% (3 bps) while Wholesale delinquency fell by 13% (25 bps) compared to March 2017. Accommodation & Food, Agriculture, and Transportation also showed 1-2% monthly decreases in delinquency.

“Growth is still uneven with segments like manufacturing and wholesale trade in contraction mode, but the default of Canadian businesses will remain low” Phelan added.

About

PayNet, Inc. Canada is the premier provider of risk management tools and market insight to the commercial credit industry, collecting real-time loan information from leading Canadian lenders and turning it into actionable intelligence. The company's proprietary database -- updated weekly -- is a growing collection of commercial loans and leases, worth over $82 billion. Using state-of-the-art analytics, PayNet converts raw data into real-time market intelligence and predictive information that subscribing lenders use to manage risk, lower operating costs, originate more loans and improve their business strategy. For more information visit paynetonline.ca and sbinsights.ca .

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