Survey of equipment financing released
The Equipment Leasing and Finance Association has released its 2016 Survey of Equipment Finance Activity (SEFA) reporting new business volume grew 12.4% in the equipment finance industry in 2015.
Of industry new business volume in 2015:
1. Construction equipment represented 11.5% of equipment financing new business volume reported by ELFA member companies, up from 11.4% in 2014.
2. As an end-user of equipment finance, the construction industry represented 8.6% of new business volume reported by ELFA member companies, up from 8.5% in 2014.
To coincide with the release of the SEFA report: ELFA has issued its 2016 Fact Sheet: Equipment Finance in the Construction Industry. The fact sheet has an infographic and key equipment and financing data from a variety of sources in addition to ELFA. It is available online in PDF format at http://equipmentfinanceadvantage.org/abt/facts.cfm. Please let me know if you would like to receive a copy in Word format.
o A brief video infographic (1:53) on the SEFA is available at https://www.youtube.com/watch?v=5N3Pq-PkUuc.
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