ELFA: Equipment-finance origination climbed 21% in May

06/20/2013 | Reuters · Nasdaq.com

Companies originated $7.5 billion in leases, loans and lines of credit for equipment last month, a 21% increase compared with May 2012, according to ELFA. In addition, delinquency fell to its lowest level in six months. "American businesses are better able to meet their financial obligations, creating a favorable environment for additional capital investment and job creation," ELFA President and CEO William G. Sutton said. The Equipment Leasing & Finance Foundation's confidence index has reached 57.3 this month, up from 56.7 in May.

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Reuters · Nasdaq.com