US Business Borrowing for Equipment on the Rise

According to an article published in September by ELFA, U.S. companies' borrowing to spend on capital investment rose in August.  These companies signed up for $7.2 billion in new loans, leases, and lines of credit last month, up 13% from a year earlier. 

The Equipment Leasing & Finance Foundation said its confidence index rose to 60.2 in September from 58.9 in August.  A reading of above 50 indicates a positive outlook.

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