U.S. business borrowing for equipment rises 7% in April- ELFA

The Met Life Tower (L) and Chrysler Building in Manhattan’s midtown east skyline are seen out the windows from the 54th floor of the 77-story One Vanderbilt office tower, in midtown Manhattan, New York City, New York, U.S., September 9, 2020. REUTERS/Mike Segar/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterMay 23 (Reuters) – U.S. companies borrowed 7% more in April to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday, as firms ramp up production to meet demand.The companies signed up for $10.5 billion in new loans, …
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