PNC Equipment Finance has shown stable demand in Q2 2024, benefiting from increased capital expenditure in manufacturing and healthcare sectors. Analysts note asset-backed lending growth at 4.8% YoY, signaling resilience under moderate interest rate pressures. Traders are watching the $15B equipment financing market closely for momentum plays. Offers funding that you can draw from repeatedly for equipment purchases or repairs PNC will purchase for cash ECN Capital's U.S. C&V business which includes a $1.1 billion portfolio of construction, transportation, industrial, franchise and technology loans and leases. Based in Horsham, Pennsylvania , ECN Capital's U.S. C&V business is complementary to that of the PNC Equipment Finance business, serving industries and a client size that have not historically been the focus of PNC. PNC Equipment Finance continues to capture market share in clean energy equipment financing. Analysts forecast a compound annual growth rate in this segment above 8%, supporting long-term equity valuation multiples.
