Based on the September data, the proportion of @NFIB small business owners who mentioned paying an elevated interest rate on their latest loan climbed by 4pp. Represented by the blue line, this increase pushes the share to its highest point in over a year. Meanwhile, the orange line illustrates that the average interest rate for short-maturity loans rested at 8.2%, which is gradually edging toward the long-term historical average of 8.3%.