Generally speaking business volume in the equipment fund segment grew 3 percent in July to $9.1 billion, up from $8.9 billion in June, reports the Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25). The Index reports financial movement from 25 organizations speaking to a cross segment of the hardware money area.

July volume was down 3 percent from July 2019, and year-to-day total volume was down 1 percent from 2019.

Receivables more than 30 days were 2.40 percent, down from 2.60 percent the earlier month and up from 2.00 percent a similar period in 2019. Charge-offs were 0.73 percent, up from 0.71 percent the earlier month, and up from 0.37 percent in the year-sooner period.

Credit endorsements added up to 72.9 percent, up from 71.5 percent in June.

"The July information offers voice to narrative proof from ELFA individuals that, even with rising Covid-19 cases in certain regions of the nation, hardware request stays strong in certain...