A long exposure picture shows the One World Trade Center building peaking through the Manhattan skyline, as seen from New Jersey
New loans, leases and lines of credit signed up by companies in June were down 2% from $10.20 billion a month ago. "A pullback in origination activity at banks caused overall new business volume to dip in June after double-digit growth in the previous two months," ELFA President and CEO Leigh Lytle said.The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index for July stood at 50.7, up from 50.2 in June. A reading above 50 indicates a positive business outlook.
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