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New business volumes for equipment finance spiked at the end of 2017, according to the latest data from the Equipment Leasing and Finance Association (ELFA).

Overall new business volume for December was $12.8 billion, up 6% year-over-year from new business volume in December 2016.

Volume was up 71% month-to-month from $7.5 billion in November, while cumulative new business volume for 2017 was up 5% from 2016.

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Mitsubishi UFJ Lease & Finance (MUL) has announced four executive appointments to the leadership team at MUL Railcars, its specialist leasing subsidiary. 

Kent Boskovich has been appointed chief commercial officer. He has more than 20 years executive management experience in transportation equipment leasing, the last ten years as president of Union Leasing. 

Petta ralph NEW PIC

US businesses are expected to make their largest capital investments since 2012 according to new analysis from the Equipment Leasing and Finance Association (ELFA).

The accelerated growth follows a significant improvement in equipment and software investment in 2017 compared to 2016.

In its annual report on buying trends, ELFA says that equipment investment will continue robust growth in 2018.

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Confidence in the US equipment finance market has hit its highest level since 2009, according to the latest data from the Equipment Leasing and Finance Foundation.

The Foundation’s monthly confidence index reached 75.3 in January, an increase from 69.4 in December, which marks a peak since its launch almost a decade ago.

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CIT Direct Capital, the national digital small business lending unit of CIT Group, is partnering with Epson America, a global leader in printing technology, to offer financing for commercial and digital print customers.

This partnership will allow CIT Direct Capital to provide Epson dealers, channel partners, resellers, and customers with a primary source of financing through a single point of contact.