(Reuters) – U.S. companies’ borrowing to spend on capital investments rose 4 percent in January from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.

“2019 gets off to a strong start in the equipment finance industry… Credit quality is stable,” ELFA Chief Executive Officer Ralph Petta said in a statement.

Companies signed up for $7.2 billion in new loans, leases and lines of credit last month, up from $6.9 billion a

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