US Business Equipment Borrowing Up 14.2% in February
US business equipment borrowing rose 14.2 percent in February from a year ago. Monthly volume reached 11 billion dollars despite a slight dip from January.
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Companies in the United_States increased their borrowing for equipment purchases by 14.2% in February compared to the previous year. According to the Equipment Leasing and Finance Association (ELFA), this growth was primarily driven by a significant uptick in activity among independent finance providers.
