Small banks look to equipment financing to increase profit

02/13/2013 | AmericanBanker.com (free registration)

Though the expertise and upfront expenses required for equipment-financing loans have caused small banks to shy away from the market in the past, many are turning to such loans because of their higher yields. About one-tenth of the 78 companies that joined ELFA in 2012 are community banks, Chief Operating Officer Ralph Petta says.

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