Equipment
Business
ELFA 2021 Survey of Equipment Finance Activity Reveals New Business Volume Declined 7% in 2020
2020 marked the first time in a decade that businesses decreased their overall spending on capital equipment, according to the SEFA. However, the 7% decline was less than the double-digit drop expected by the COVID-19 pandemic.
By Equipment Leasing and Finance Association
October 11, 2021
Topics
Equipment
Business
by Equipment Leasing and Finance Association
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the United States and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. In 2021, ELFA is celebrating 60 years of equipping business for success. For more information, please visit www.elfaonline.org.
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