The Latest ELFA and Foundation Data

Who’s Hiring?

Employment at independent equipment finance companies rose 10.4% year-over-year, according to the 2018 Survey of Equipment Finance Activity. Overall employment rose 3.4%. 

Source: Interactive SEFA dashboard, www.elfaonline.org/SEFA.

Have You Heard the News?

ELFA has launched a new interactive dashboard for companies who participate in the Survey of Equipment Finance Activity called MySEFA. Some people call this dashboard the holy grail. It takes your company’s data and interactively compares it to the data provided in the Survey of Equipment Finance Activity, ranking your company against your peers. Be on the lookout for a demo or contact Bill Choi at [email protected] for details.

November MLFI Year-Over-Year

New Business Volume: up 7% 


Aging of Receivables: up 6%


Charge-offs: down 11%


Credit Approvals: up 5% 


Employment: up 0.1%

U.S. Equipment & Software Investment Growth

According to the Foundation’s 2019 Equipment Leasing & Finance U.S. Economic Outlook, equipment and software investment is projected to expand 4.1% in 2019. Access the full report at http://bit.ly/ELFFEconomicOutlook

On the Horizon:
The Future of Work

Despite widespread public worry about the potential for mass unemployment and employee headcount reductions, some research shows that automation and AI may actually increase demand for labor over the coming years. The vast majority of companies (94%) plan to maintain or increase their employee headcount over the coming years as a direct consequence of automation.

Source: 2018 McKinsey Global Institute (MGI) study included in the Foundation’s 2018 Equipment Leasing & Finance Industry Horizon Report, http://bit.ly/ELFFHorizonReport