Equipment Finance Activity Climbs Year-on-Year, But Short-Term Demand Shows Strain
U.S. equipment financing rose 12.5% year-on-year in March to $10.8 billion, according to the Equipment Leasing and Finance Association (ELFA). The association’s survey of 25 members - including major banks and manufacturer financing units - also showed a 1.8% decline in new loans, leases and lines from February, a 17.7% drop in small-ticket volume,…