Equipment finance survey released
Construction equipment financing on the increase in 2016.
The Equipment Leasing and Finance Association (ELFA) has released its 2017 Survey of Equipment Finance Activity (SEFA), reporting overall new business volume grew 2.5% in the equipment finance industry in 2016.
Of industry new business volume in 2016:
- Construction equipment represented 8.7% of equipment financing new business volume reported by ELFA member companies, up from 8.1% in 2015.
- As an end-user of equipment finance, the construction industry represented 7.8% of new business volume reported by ELFA member companies, up from 7.3% in 2015.
In addition to the SEFA report, ELFA has issued its 2017 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.
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