Pnc equipment finance has shown stable demand in Q2 2024
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. Equipment financing is a type of term loan that backs the loan with the equipment that you’re purchasing. The business loan amount typically equals the cost of the equipment purchase. You can find equipment loans from both traditional banks like Bank of America or online lenders like Triton Capital . PITTSBURGH and PHILADELPHIA , Feb. 21, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC ) announced today a definitive agreement to acquire the U.S.-based commercial and vendor finance business (the "U.S. C&V business") of ECN Capital Corp., one of the leading non-bank vendor finance businesses in the United States . With manufacturing PMIs turning positive in late Q2, PNC Equipment Finance’s pipeline is reportedly filled with expansionary projects. Shareholders watch for sequential revenue growth as an early signal of sector outperformance.
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