Home / Business and Economy / US Companies Boost Equipment Finance by 14.2%
US Companies Boost Equipment Finance by 14.2%
31 Mar
Summary
- U.S. companies increased equipment financing by 14.2% in February.
- Independent providers significantly fueled this surge in activity.
- This report is based on a survey of 25 major industry members.
In February, U.S. companies demonstrated a notable increase in financing for equipment purchases, with borrowing up by 14.2% year-over-year. This expansion was significantly propelled by a surge in activity reported by independent providers within the sector.
The findings are from the Equipment Leasing and Finance Association, a trade group that monitors economic trends in the substantial $1 trillion equipment finance industry. The association's report is based on a survey encompassing 25 key members.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
