Confidence in the equipment-finance market dropped slightly between February and March. The Equipment Leasing & Finance Foundation's index reached 58 last month, compared with 58.7 in February. Nearly 22% of industry professionals surveyed think business will improve in the next four months, up from 20% in February.
Small-business lending has increased for seven consecutive quarters, according to the Treasury Department. The amount lent has grown by $8.9 billion, with loans to community banks and funding from the Small Business Lending Fund. The largest number of loans was in the service and agriculture sectors.
Confidence in the equipment-finance market has dropped to a reading of 58 this month, down from February's 58.7, according to an index by the Equipment Leasing & Finance Foundation. The result indicates a stabilization of optimism, after the index rose for two straight months, analysts say.
Confidence in the equipment-finance industry increased slightly this month, according to an index by the Equipment Leasing & Finance Foundation. The monthly index reached 62.1 in April, up from March's 61.7. This is the fourth straight month of increase. Thomas Jaschik, president of BB&T Equipment Finance, said still-cautious consumers made respondents cautious as well.
Confidence in the equipment-finance industry increased this month, according to the Equipment Leasing & Finance Foundation. The Monthly Confidence Index for the Equipment Finance Industry reached 61.7, compared with February's 59.6.