Equipment financing increased 11% in April, ELFA reports

Companies said $5.1 billion in equipment finance was originated last month, an 11% increase compared with April 2010, according to ELFA's monthly survey. ELFA also reported that equipment financing increased 27.2% from January through April compared with the same period last year. "All of April's business performance indicators appear to provide evidence that the equipment-finance sector continues to gain momentum," said ELFA President William Sutton.

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