US businesses continue to grow, as reflected by increased borrowing during the fourth quarter of the year, the Commercial Finance Association(CFA) announced yesterday (May, 20). According to the CFA's latest Quarterly Asset-Based Lending (ABL) Index, total committed credit lines increased 1% over 3Q2017 and 8% over the same quarter in 2016. New credit commitments increased 17% over the same quarter in 2016.
This data indicates borrowers have an increased need for capital to support expanding levels of inventory and accounts receivable, which is a positive sign for the economy.
