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US business borrowing for equipment falls 10% in June: ELFA

from The New York Times

US business borrowing for equipment falls 10% in June: ELFA The New York Times U.S. companies' borrowings for capital investments fell about 10% in June from a year earlier, the Equipment Leasing and Finance Association said recently. The companies signed up for $8.9 billion in new loans, leases and lines of credit last month, down from $9.9 billion a year earlier. Borrowings in June, however, rose 33% from the previous month. READ MORE

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