{"id":1824562,"date":"2023-01-26T09:35:38","date_gmt":"2023-01-26T14:35:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1824562"},"modified":"2023-01-26T09:40:40","modified_gmt":"2023-01-26T14:40:40","slug":"u-s-business-equipment-borrowings-grow-9-percent-in-december","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-business-equipment-borrowings-grow-9-percent-in-december\/","title":{"rendered":"U.S. Business Equipment Borrowings Grow 9 Percent in December"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-business-equipment-borrowings-grow-9-percent-in-december%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1824562&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/worker-sits-1200x800-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>U.S. companies borrowed 9 per cent more in December to finance <a href=\"https:\/\/www.theepochtimes.com\/t-equipment\">equipment<\/a> Industry body Equipment Leasing and Finance Association reported Tuesday that investments have increased by 4% compared to a previous year.<\/p>\n<p>According to ELFA, the companies signed up last month for $12.9 billion in new loans and leases as well as lines of credit. This compares with $11.8 billion a previous year. Cumulative borrowings rose 6 percent since January 2022.<\/p>\n<p>ELFA, which tracks economic activity for the $1 Trillion equipment finance sector reported that credit approvals were 76.6 percent in December, a decrease from 77.7 % in November.<\/p>\n<p>\u201cNot knowing yet the full impact of the Fed\u2019s series of rapid rate increases on the <a href=\"https:\/\/www.theepochtimes.com\/t-economy\">economy<\/a>, I believe many companies will start the year with more focus on credit quality and spreads versus origination volume,\u201d said AP Equipment Financing\u2019s president, Chris Lerma.<\/p>\n<p>Washington-based ELFA\u2019s leasing and finance index measures the volume of commercial equipment financed in the United States.<\/p>\n<p>The index was compiled from a survey of 25 members including Bank of America Corp. as well as financing affiliates or units of Caterpillar Inc.., Dell Technologies Inc.. Siemens AG. Canon Inc..<\/p>\n<p>The Equipment Leasing &#038; Finance Foundation, ELFA\u2019s non-profit affiliate, said its confidence index in January stood at 48.5, an increase from 45.9 in December. Positive business outlooks are indicated by a reading of 50 or more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. companies borrowed 9 per cent more in December to finance equipment Industry body Equipment Leasing and Finance Association reported Tuesday that investments have increased by 4% compared to a previous year. According to ELFA, the companies signed up last month for $12.9 billion in new loans and leases as well as lines of credit. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1824565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[16541,4284,8280,14119,4456,6157,7238],"class_list":["post-1824562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-borrowings","tag-business","tag-december","tag-equipment","tag-grow","tag-percent","tag-u-s"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1824562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1824562"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1824562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1824565"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1824562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1824562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1824562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}