Survey: Equipment Finance Activity Trends Upward in 2010
The Equipment Leasing and Finance Association (ELFA), Washington, D.C., has released its 2011 Survey of Equipment Finance Activity (SEFA), finding that new business volume jumped by 3.9 percent in 2010, following a 30.3 percent decline in 2009. “More recent data collected in the first two quarters of 2011 suggests the trend toward an improved equipment finance industry is continuing,” says ELFA president and CEO William G. Sutton.Among the survey’s findings: New business volume reported by ELFA member companies of equipment financing for the metal and machinery industry remained flat at 4.3 percent from 2009 to 2010, and new business volume financed for machine tools increased from 1.8 percent in 2009 to 2.0 percent in 2010. Download a free summary of the survey’s key findings at www.elfaonline.org/sefa.
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