Default on equipment financing rises
A PayNet report shows increased default on capital-equipment financing by small and midsize firms. The increase has led to reluctance by lenders to make loans. "It's hard to imagine a robust recovery when you see numbers like this," said Bill Phelan, president and founder of PayNet.
Reuters | 10/30
This story published in ELFA SmartBrief on 10/30/2009
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