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U.S. business borrowing for equipment rises 10 percent in March: ELFA

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Borrowing by U.S. companies to spend on capital investment rose last month, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.

Companies signed up for $8.9 billion in new loans, leases and lines of credit in March, up 10 percent from a year earlier. Their borrowing rose 51 percent from February.

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