US business borrowing for equipment rises 15 pct in June - ELFA

Newswire

July 23 (Reuters) - U.S. companies borrowed more in June to invest in new equipment ranging from computer systems to aircraft, the Equipment Leasing and Finance Association (ELFA) said on Tuesday. Companies signed up for $8.6 billion in new loans, leases and lines of credit last month, up 15 percent on a month-on-month basis. The borrowing rose 8 percent from a year earlier. "Businesses continue to increase spending on capital equipment as ...

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