Updated February 24th, 2024 at 13:30 IST Credit approvals for US companies in January also saw a slight uptick, with ELFA reporting a rate of 76%, up from 75% in the previous month. Business Equipment | Image:Unsplash Listen to this article 1 min read US business equipment borrowing rise: US companies increased borrowing for equipment investments by 6 per cent in January compared to the previous year, according to the Equipment Leasing and Finance Association (ELFA). In total, companies secured new loans, leases, and lines of credit amounting to $9.3 billion during the month, reflecting a 26 per cent decrease from the previous period. ELFA President and CEO
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