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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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