6.3% Growth
That’s what the newly released 2023 Survey of Equipment Finance Activity is reporting for new business volume growth in 2022 compared to 2021. Get the full results at www.elfaonline.org/SEFA.
A Look at Pay Trends
If you represent a small or medium enterprise in the equipment finance industry (below $500M in new business volume), you are invited to complete the ELFA compensation survey for small and medium businesses. If you participate in this confidential survey, you will have free access to the final results later this year. Please contact Bill Choi at [email protected]g to participate.
May MLFI Year-Over-Year
See details at www.elfaonline.org/data/MLFI
New Business Volume
Aging
Charge-offs
Credit Approvals
Employment
Spotlight On: Franchising
Despite economic uncertainties around inflation, labor issues and a looming recession, more than 80% of franchisors anticipate an increase in franchise sales in 2023. That’s according to a new Foundation report, “Vertical Market Outlook Series: Franchise,” which provides an outlook on the franchise sector in the U.S., including key trends and developments impacting this sector over the next one to two years.
Industry Confidence Ticks Up
The Foundation’s June Monthly Confidence Index was surveyed at 44.1, an increase from the May index of 40.6, a survey low point.
When asked about demand for leases and loans to fund capital expenditures (capex) over the next four months, 6.7% of the survey respondents expected an increase in demand, 66.7% expected demand would remain the same, and 26.7% forecast a decline in demand.
The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
