Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March to 20.8% in April, according to Biz2Credit. read more

MAY 11, 2022 - 7:10 am

Worldwide spending on telecom services and pay TV services reached $1.566 billion in 2021, an increase of 1.6% year over year, according to the International Data Corporation’s Worldwide Semiannual Telecom Services Tracker. read more

MAY 9, 2022 - 7:20 am

Economic activity in the manufacturing sector grew in April, with the overall economy achieving a 23rd consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

MAY 9, 2022 - 7:07 am

On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.” read more

MAY 5, 2022 - 7:37 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for March was $10.6 billion, up 14% year over year from March 2021. In addition, volume was up 49% month to month from $7.1 billion in February. read more

APR 25, 2022 - 7:18 am

The Equipment Leasing & Finance Foundation released the April 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Confidence in the equipment finance market is 56.1, a decrease from the March index of 58.2. read more

APR 21, 2022 - 7:39 am

According to the Q2/22 Equipment Leasing & Finance Industry Snapshot from the Equipment Leasing & Finance Foundation, the U.S. economy will grow by 2.8% in 2022, with growth driven by a gradually unraveling supply chain, business investment and continued consumer spending. read more

APR 19, 2022 - 7:22 am

According to the Q2/22 update to the 2022 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation, equipment and software investment is expected to grow by 4.2% and U.S. GDP is expected to grow by 2.8% in 2022. read more

APR 15, 2022 - 7:27 am

Small business loan approval rates at big banks (more than $10 million in assets) rose from 14.7% in February to 14.9% in March, and approval rates at small banks (under $10 billion in assets) increased from 20.5% in February to 20.6% in March, according to Biz2Credit. read more

APR 13, 2022 - 7:09 am

According to Kroll Bond Rating Agency’s March 2022 equipment loan and lease indices, March remittance reports showed solid credit performance across securitized equipment loan and lease pools during the month. read more

APR 4, 2022 - 6:22 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for February was $7.1 billion, down 4% year over year from new business volume in February 2021. read more

MAR 23, 2022 - 6:35 am

On Wednesday, the Federal Reserve unveiled its plan to increase the federal funds rate to 0.25% to 0.5%. According to the Wall Street Journal, the Fed last increased interest rates in 2018. read more

MAR 17, 2022 - 6:08 am

According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 58.2 this month, easing from the February reading of 61.8. The ELFF’s confidence metric has now declined in four straight months. read more

MAR 17, 2022 - 6:07 am

Small business loan approval rates at big banks (more than $10 billion in assets) rose from 14.5% in January to 14.7% in February, and approval rates at small banks (under $10 billion in assets) rose from 20.3% in January to 20.5% in February, according to Biz2Credit. read more

MAR 16, 2022 - 6:26 am

According to the Institute for Supply Management, economic activity in the hospital subsector grew in February for the 21st consecutive month despite a 7.2% drop in the Hospital PMI, putting February’s reading at its lowest mark in more than a year. read more

MAR 14, 2022 - 6:32 am