US business equipment borrowings rise more than 14% in February, ELFA says

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil tops $115 as Trump renews threats on Iran energy infrastructure "Buy now": Morgan Stanley explains why you should buy dip in this mega cap stock Trump touts "great progress" in Iran talks, but threatens further strikes Gold prices tick higher amid dip-buying, but easing rate cut hopes limit gains (South Africa Philippines Nigeria) US business equipment borrowings rise more than 14% in February, ELFA says By Stock Markets Published 03/30/2026, 03:03 PM Updated 03/30/2026, 03:12 PM US business equipment borrowings rise more than 14% in February, ELFA says 0 March 30 - U.S. companies borrowed 14.2% more to finance equipment purchases in February than a year earlier, fueled by a surge in activity among independent providers, the Equipment Leasing and Finance Association said on Monday. The Washington-based trade association, which tracks economic activity for more than the $1 trillion equipment finance sector, bases its report on a survey of 25 members, including Bank of America and financing units of Caterpillar, Dell Technologies, Siemens AG, Canon and Volvo AB. * New loans, leases and lines of credit signed up bycompanies in February were $11 billion on a seasonally adjustedbasis, a decline of 4.7% from the prior month. * Small-ticket volume growth, a key indicator of equipmentdemand and broader economic conditions, grew by $4.4 billion,down 14.7% from January, but was still above its 12-monthtrailing average of $3.5 billion. * ELFA President and CEO Leigh Lytle said the survey wasconducted before the conflict in Iran and the March FOMCmeeting, and those could cause more bumps in the first half. * ELFA’s monthly confidence index stood at 61 in March, downfrom 67.6 in February.