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Leasing Business Grows 26% in March: ELFA

Leasing Business Grows 26% in March: ELFA SHARE April 23, 2021 An index of new business in the equipment finance sector grew 26 percent in March compared to February, and is up 4 percent from March 2020. The Equipment Leasing and Finance Association said its Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for March was $9.3 billion, up from $7.4 billion in February. Year-to-date, cumulative new business volume was down 1 percent compared to 2020. “The equipment finance industry appears poised to take advantage of an economic tailwind that is manifesting itself in an improving labor market, a continued low interest-rate environment, a strong corporate earnings season, and high business confidence that is creating demand for investment in commercial equipment,” said ELFA president/CEO Ralph Petta, in a prepared statement. “ELFA member organizations also report improving portfolio

U S business borrowing for equipment rises 4% in March - ELFA

U S business borrowing for equipment rises 4% in March - ELFA
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U S business borrowing for equipment rises 4% in March

U.S. business borrowing for equipment rises 4% in March - ELFA Reuters 1 hr ago © Reuters/LUCAS JACKSON A worker clears a machine jam inside of an Amazon fulfillment center in Robbinsville, New Jersey (Reuters) - U.S. companies borrowings for capital investments rose 4% in March from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday. The companies signed up for $9.3 billion in new loans, leases and lines of credit last month, up from $8.9 billion a year earlier. However, borrowings in March rose 26% from the previous month. The equipment finance industry appears poised to take advantage of an economic tailwind that is manifesting itself in an improving labor market, a continued low interest-rate environment, a strong corporate earnings season, and high business confidence that is creating demand for investment in commercial equipment, said ELFA Chief Executive Officer Ralph Petta. 

Equipment Finance Index at All Time High

Equipment Finance Index at All Time High SHARE April 22, 2021 An index of confidence in the equipment finance market is 76.1, an all-time high, reports the Equipment Leasing & Finance Foundation. Its April 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) was up from the March index of 67.7. “We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it and transportation to deliver it,” said MCI-EFI survey respondent Aylin Cankardes, president of Rockwell Financial Group, in a prepared statement. “With favorable interest rates, businesses are increasing spending again to stay responsive in a rapidly evolving environment.”

U S business borrowing for equipment rises 4% in March - ELFA

U S business borrowing for equipment rises 4% in March - ELFA
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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