Equipment leasing and loans climbed 15.8% in July

Equipment leasing and loan activity increased 15,8% last month compared with July 2011, reaching $6.6B, according to an ELFA survey. Between Januray and July financing rose 14.7% to $43.8B. “Despite well publicized fiscal challenges presented by the euro-zone debt crisis, a recent uptick in global oil prices, and a stubbornly sluggish U.S. economy, business financing of capital equipment continues to show some strength,” ELFA President and CEO, William G. Sutton, said. read more