03/24/2025

ELFA Says U.S. Business Borrowings Down Significantly from Q1 2024

The trade association also said credit approvals for U.S. companies were steady

U.S. companies borrowed 7.4 percent less to finance equipment investments in February compared with the same period a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.

New loans, leases and lines of credit signed up by companies in February also fell to $9.7 billion, from $9.8 billion in the year-ago period, ELFA added.

The Washington-based trade association, which reports economic activity for the more than $1 trillion equipment finance sector, also said credit approvals for U.S. companies were steady at 75 percent in February compared to the previous year.

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