Equipment Financing on the Rise [INFOGRAPHIC]

Equipment Leasing and Finance Association (ELFA) has released its 2014 Survey of Equipment Finance Activity (SEFA).  This infographic is a compilation of research from ELFA, the Equipment Leasing & Finance Foundation and other industry sources.

The 2014 SEFA report shows new business volume grew 9.3% in the equipment finance industry in 2013.

In 2013 industrial & manufacturing equipment represented 4.5% of new business volume reported by ELFA member companies, down from 4.7% in 2012.  

As end-users of equipment finance:

• The industrial & manufacturing industry represented 11.6% of new business volume reported by ELFA member companies, relatively unchanged from 11.8% in 2012.
• The metal & machinery industry represented 4.6% of new business volume reported by ELFA member companies, down from 5.4% in 2012.
• Wood, paper, chemical & plastic industries represented 3.4% of new business volume reported by ELFA member companies, up slightly from 3.2% in 2012.

• Other industrial/manufacturing industries represented 3.5% of new business volume reported by ELFA member companies, up from 3.1% in 2012.