ELFA survey: Lack of demand hurts leasing volume
The main cause in the decline of leasing volume is lack of demand, a survey of the members of the Equipment Leasing and Finance Association showed. About 80% of respondents said slow customer demand is behind the decrease and not tight credit, underwriting standards or spreads. Participants in the survey said business was down by 31% in September 2009 from the same period in 2008, but that it increased by 29% from August to September.
CFO.com | 11/02
This story published in ELFA SmartBrief on 11/04/2009
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