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US business equipment borrowings fell 7% in March, ELFA says

Companies signed up for new loans, leases and lines of credit worth $9.3 billion in March, up 18% sequentially. ELFA, which reports economic activity for the over $1 trillion equipment finance sector, said credit approvals for U.S. companies in January came in at 77%, up from 76% a month earlier. ELFA's leasing and finance index is based on a 25-member survey, including Bank of America and financing units of Caterpillar, Dell Technologies, Siemens AG, Canon Inc and Volvo AB.
United States Leigh Lytle Abhinav Parmar Tasim Zahid Canon Inc Equipment Leasing Finance Foundation
Source: yahoo.com

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