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Equipment Leasing and Finance Association's Survey of Economic Activity: Monthly Leasing and ...

2014-01-27 06:00:00| Industrial Newsroom - All News for Today

Monthly Leasing and Finance Index (MLFI-25) for December 2013 shows $10.7 billion in overall new business volume, while cumulative new business volume for 2013 rose 3% over 2012. Receivables over 30 days were at 1.9%, up from November's 1.8%; delinquencies increased from 1.6% in 2012; and charge-offs were unchanged from previous month at 0.3%. Credit approvals totaled 78.3%, and 57% of participants reported submitting more transactions for approval during December. This story is related to the following:Trade Associations

Tags: and equipment finance activity

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