Companies in Metro Denver expecting to add workers increased from this past quarter with unemployment down. Consumer confidence and business travel also increased.
“Business travel drives business growth. If you see strong numbers here, that likely means good things for the U.S. economy for the rest of the year.” Mike McCormick, executive director and COO, Global Business Travel Association.
The Equipment Leasing & Finance Foundation released the June 2014 Monthly Confidence Index for the Equipment Finance Industry last week.
When asked about the outlook for the future, David Schaefer, Chief Executive Officer, Mintaka Financial, LLC, said, “Application volume, approvals and funding are all up and are at record post-recession levels. Portfolio performance in terms of delinquency is still extraordinarily low. We are optimistic about 2014 and expect to exceed our yearly origination goals.”