"Even more robust demand for financing is being constrained by supply chain shortages in several economic subsectors."
“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it."
Lenders are suffering from "the effects of the coronavirus pandemic, with volume levels and portfolio quality metrics both falling in tandem."
New business volumes dropped substantially in July and are off 8% compared with 2015, says ELFA.
“Sluggish activity to begin the second quarter seems to have continued the relatively soft Q1," said ELFA's chief executive.
A collection of CFO.com articles and stories published on July 28, 2015.
The business of financing capital spending grew 6.7% last year, down from 9.3% in 2013.
