Banks and financing companies financed $4.4 billion worth of new business equipment in May, compared with $4.2 billion for the same month last year, a 4.7% increase, according to an Equipment Leasing and Finance Association survey. It was also the second consecutive month of higher year-over-year financing volumes, and there is some optimism that the $518 billion-a-year commercial-finance industry is finally rebounding. However, the association had been looking for a double-digit increase.

Related Summaries