Equipment Finance Confidence Rises in November

Equipment Finance Confidence Rises in November

Wondering if the time is right to purchase new equipment before the end of the year? According to the Equipment Leasing & Finance Foundation’s Monthly Confidence Index, confidence in the equipment finance market rose to 60.2 from the October reading of 58.7. “The...

U.S. Economy to Grow at 3.1% Pace in 2015

The U.S. economy is expected to maintain solid growth throughout 2015, with real GDP forecast to grow at a pace of 3.1%, a report issued by BMO Economics and run by CNN Money said. The positive growth prediction is a result of a variety of factors, namely lower oil...

ELFA: Year-End New Business Volume Spikes 90%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $903 billion equipment finance sector, showed their overall new business volume...

October Class 8 truck sales up 9.7%

Class 8 truck sales jumped 9.7 percent in October as compared with September, according to data compiled by WardsAuto. Total October sales of 22,032 bested September sales of 20,078, marking it the third straight month sales have increased. With two months to go,...

Big Bank Approval Rates Drop for Small Business Loans

Big Bank Approval Rates Drop for Small Business Loans – Ref: Monitor Daily According to the October 2014 Biz2Credit Small Business Lending Index, small business loan approval rates at big banks dropped for the first time in seven months, a monthly analysis of...