Friends of Manufacturing

U.S. business borrowing for equipment falls 7 percent in Sept.: ELFA

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U.S. companies’ borrowing to spend on capital investment fell 7 percent in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said. 

Companies signed up for $8.7 billion in new loans, leases and lines of credit last month, down from $9.4 billion a year earlier. However, their borrowing rose 12 percent from August.

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