US Business Equipment Borrowings Increase Over 8% YoY in November
U.S. companies increased their equipment borrowings by 8.7% in November to $10.36 billion, with credit approvals at 74% and a confidence index suggesting robust future growth.
Published on April 15, 2025
In November, U.S. companies boosted their equipment borrowings by 8.7% compared to the same month last year, reaching a total of $10.36 billion from $9.53 billion, according to data from the Equipment Leasing and Finance Association (ELFA). Credit approvals for the month were recorded at 74%, reflecting steady lending activity.
The Equipment Leasing & Finance Foundation's confidence index surged to a three-year high in December, hinting at stronger future lending volumes and improved financial conditions. Supplemental reports also noted that an improved economic outlook and factors such as lower interest rates may be contributing to the revival in business sentiment across the equipment finance sector.