U.S. Equipment Financing Climbs Nearly 6% in December, ELFA Reports
U.S. businesses increased borrowing to fund equipment purchases by 5.9% year-on-year in December, with new deals totaling $10.6 billion on a seasonally adjusted basis. The Equipment Leasing and Finance Association said total activity reached the second-highest level on record, even as bank-originated activity declined modestly month-to-month. Indus…