US business borrowing for equipment rises over 5% in October, ELFA says

Nov 24 (Reuters) – U.S. companies borrowed 5.7% more to finance equipment purchases in October than a year earlier, showing little impact from the recent government shutdown, the Equipment Leasing and Finance Association said on Monday.
New loans, leases and lines of credit signed up by companies in October was $10.5 billion on a seasonaly adjusted basis, same as in the previous month.
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At the current pace, 2025 is on track to be the second-strongest year for equipment demand since ELFA’s CapEx Finance Index (CFI) survey began in 2006, according to the report.
The Washington-based trade association, which tracks economic activity in the equipment sector valued at more than $1 trillion, said banks recorded the biggest increase in new business volumes in October, with an additional $4.8 billion.