Equipment finance industry continues upward trend
The survey, which was released July 28, showed businesses have increased spending on capital equipment since 2010. The survey covers key statistical, financial and operations information for the $903 billion equipment finance industry, based on a comprehensive survey of 100 ELFA member companies.
“We are pleased to present the 2015 Survey of Equipment Finance Activity. This year marks the 40th anniversary of the report, which has grown over the years into the most important source of statistical information available on the $903 billion equipment finance industry,” ELFA President and CEO William Sutton said.
Sutton said if the economy continues to improve so should the equipment industry.
“The data show that the equipment finance industry is healthy and growing, continuing an upward trend since the end of the Great Recession," Sutton said. "More recent data collected in 2015 indicate that positive momentum is continuing, with member companies reporting solid new business growth and portfolio performance. We remain cautiously optimistic that demand for capital equipment will continue to drive positive growth for the equipment finance industry.”