As the economic downturn continued to hinder commercial borrowing, the number of loans, lines of credits and leases written by ELFA members declined in July, the association said. However, charge-offs and delinquencies also were down, ELFA said. Ken Bentsen, president of the association, said the data suggest a recovery might be in its early stages. View more information about ELFA's Monthly Leasing and Finance Index.

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