The Latest ELFA and Foundation Data

Pandemic Impact

Business spending on capital equipment dropped in 2020, according to the 2021 Survey of Equipment Finance Activity.

NEW BUSINESS VOLUME

May MLFI Year-Over-Year

See details at www.elfaonline.org/data/MLFI

New Business Volume 

Aging of Receivables 

Charge-offs

Credit Approvals

Employment

13.3% Growth 

That’s the forecast for annual equipment and software investment in 2021.

Source: Equipment Leasing & Finance U.S. Economic Outlook

Equipment and software investment is expected to grow 13.3% Y/Y as businesses across the country continue to invest to adapt to a post-pandemic economy. 
Source: Q3 update to the Equipment Leasing & Finance U.S. Economic Outlook

Return to the Office Resuming  

By 2022, equipment finance companies expect work from home (WFH) to be cut in half, with the portion of lenders having more than half of employees currently working from home going from 84% to 41%. This will still exceed the pre-pandemic WFH level of 28% of companies. 
Source: COVID-19 Impact and Recovery Survey