Equipment Finance Industry Confidence Steady in September

The Equipment Leasing & Finance Foundation released the September 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). read more

SMB Optimism, Expectations for Profitability Rise Despite Lingering Economic Concerns

According to Umpqua Bank’s recently released annual business barometer, while concerns about the direction of the U.S. economy persist, business optimism is rising and expectations for revenue and profitability are increasing. read more

ACT Research: Pent-Up Equipment Demand Likely to Fade into Year End

On continued strong build rates and seasonally weak order volumes, the Class 8 backlog fell by 11,000 units to 152,600 units in August, according to ACT Research. read more

ACT Research: Preliminary Net Trailer Orders Remain Seasonally Soft

August’s preliminary net trailer orders increased sequentially to 11,500 but were lower against longer-term comparisons, according to ACT Research. As one of the weakest order months of the year, August’s tally received a seasonal adjustment boost to 14,700 units. read more

More Than Half of Restaurant Operators Are Planning Increase to Equipment Budgets

More than half of restaurant operators are planning to increase their equipment and supply budgets in 2023, and 67% plan to make kitchen equipment replacements, according to a new study released by the Equipment Leasing & Finance Foundation. read more

Small Businesses Remain Confident, Undeterred by Economic Outlook

Nearly eight out of 10 small business owners feel a strong degree of confidence that their companies will grow over the next year even amid rocky market conditions, according to the ninth annual First Citizens Bank Small Business Forecast. read more

Small Business Loan Approval Rates Continue to Slide at Big Banks

Small business loan approval percentages at big banks (more than $10 billion in assets) fell from 13.3% in July to 13.2% in August, according to the latest Biz2Credit Small Business Lending Index. Big bank lending to small businesses has now dipped every month since June 2022. read more

KBRA: Private Credit ABS Volume Continues at Healthy Clip

According to new research from Kroll Bond Rating Agency, private asset-backed securities as a proportion of KBRA’s total ABS rating assignments have routinely approached or exceeded 25% of the transaction mix dating back to 2020. read more

Business Owner Optimism Reaches 21-Year High Despite Lingering Hiring Concerns

According to the most recent release of PNC’s semi-annual survey of small and mid-sized businesses, business owner optimism about the outlook for their businesses in the next six months has reached a 21-year high amid strong expectations for sales, profits and demand. read more

Commercial Chapter 11 Bankruptcy Filings Increase 54% Y/Y in August

There were 634 commercial Chapter 11 filings registered in August, an increase of 54% from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy. read more

Aircraft Shipments and Billings Rose in First Half of 2023

According to the General Aviation Manufacturers Association, in the first six months of the year, aircraft deliveries were up across all segments compared with the same period in 2022. In addition, there was an increase in the overall value of aircraft shipments. read more

Equipment Finance New Business Volume Fell 2% Y/Y in July

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume in the equipment finance industry for July was $9.9 billion, down 2% year over year. read more

Equipment Finance Industry Confidence Improves Again in August

According to the Equipment Leasing & Finance Foundation’s August Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall, confidence in the equipment finance market is 50.4, an increase from the July index of 46.4. read more

Economic Activity in Hospital Sector Grows in July

Economic activity in the hospital subsector grew in July for the second consecutive month after one month of contraction preceded by 35 consecutive months of growth, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

July Small Business Loan Approval Rates Drop at Big Banks, Increase with Other Lenders

Small business loan approval rates at big banks (more than $10 billion in assets) dropped from 13.4% in June to 13.3% in July, according to Biz2Credit’s Small Business Lending Index. Meanwhile, approval rates at smaller banks and non-bank lenders increased.   read more

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