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US business borrowing for equipment falls about 26% in May: ELFA

from Reuters

US business borrowing for equipment falls about 26% in May: ELFA Reuters U.S. companies' borrowings for capital investments fell about 26% in May from a year earlier, as businesses put spending on hold amid the coronavirus crisis, the Equipment Leasing and Finance Association (ELFA) said on Wednesday. Companies signed up for $6.7 billion in new loans, leases and lines of credit last month, down from $9.1 billion a year earlier. Borrowings fell 18% from the previous month. READ MORE

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