It is July and if you are a shopping mall, plaza, or you manufacture and install holiday décor it is time to start planning for the holiday season. Holiday decorarations are an important of the shopping experience. Shoppers need to be enticed in order to put their computers down, get…
The Equipment Leasing & Finance Foundation released a new quarterly update to its 2012 Equipment Leasing & Finance U.S. Economic Outlook on July 10. The report, which is focused on the $628 billion equipment leasing and finance industry, forecasts equipment investment and capital spending in the United States and…
In what appears to be good economic news for the economy, small business bankruptcies declined 36 percent from the first quarter of 2010 to the first quarter of 2012—and the decline is projected to continue, according to a new study. The Atlanta-based credit rating firm Equifax analyzed Chapter 7, 11…
The Thomson Reuters/PayNet Small Business Lending Index reached 108.4 in May, the highest level this year. Compared with May 2011, borrowing increased 18%. PayNet co-founder and President William Phelan cited low interest rates and stronger balance sheets. The April index was revised upward, to 98.6. Reuters
Loans at JP Morgan Chase, Bank of America, Citigroup and Wells Fargo dropped 4.9% in the first quarter compared with Q1 of 2010, according to a Bloomberg analysis. In contrast lending by 17 of the smallest banks in the KBW Bank Index rose 9.8%. Analysts say the largest banks are…
Loans and leases for business equipment increased 10.7% last month compared with May 2011, an ELFA survey found. Volume rose 1.6% from April to May. “Although overall spending has steadily increased since the financial crisis, pockets of the market are still tenuous as some customers are canceling or postponing [capital-expenditure]…
Madison Capital Equipment and Vehicle Leasing In what appears to be a good sign for the economy, small business loans are increasing, according to a recent report of small business owners. 61% of small business owners are optimistic about the next 12 months and expect to expand. Read more here.
Manufacturing equipment orders climbed more than 12% for Q1 for the first quarter compared with the same period last year, reaching $1.35 billion, according to the Association for Manufacturing Technology. However, Industry Week reported insufficient access to credit continues to be an “obstacle to future growth. “Manufacturing is expanding, with…
Madison Capital Equipment & Vehicle Leasing The lending environment for small businesses is mixed, and much depends on the company in question. However, even solid companies with strong sales growth are finding they must be aggressive in seeking loans for expansion. Most loan officers are happy to bury you in…
The Equipment Leasing & Finance Foundation has released the March 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 61.7, up from the February index of 59.6, indicating industry participants are optimistic despite concerns that external factors, including gas prices and…
