Economic Contribution of the Equipment Finance Industry

Equipment finance not only contributes to businesses’ success, but to U.S. economic growth, manufacturing and jobs. Nearly 8 in 10 U.S. companies (79%) use some form of financing when acquiring equipment, including loans, leases and lines of credit (excluding credit cards).

In 2021, a projected $2 trillion was invested by U.S. businesses, nonprofits and government agencies in plant, equipment and software. Approximately 57%, or $1.16 trillion of that investment, was financed through loans, leases and lines of credit. America's equipment finance companies are the source of such financing, providing access to capital.

Of the total market for financing in 2021, banks accounted for 53% of financed acquisitions, manufacturer or vendor financing accounted for 17%, and independents and fintechs each comprised 14%.

ELFA members finance the acquisition of all types of capital equipment and software including: