The Latest ELFA and Foundation Data

A Decade of Growth

According to the soon-to-be-released 2020 Survey of Equipment Finance Activity, businesses increased their spending on capital equipment in 2019 for the tenth consecutive year.
See details at www.elfaonline.org/SEFA.

Increase in New Business Volume

Assessing Industry Pay

The 2020 Equipment Leasing & Finance Compensation Survey will be released in August. Please contact Bill Choi at [email protected] if your organization is interested in participating. (Please Note: The Small & Medium Enterprise Compensation Survey will not be published in 2020.)

Pandemic Drives Up Deferrals

A total of 95% of equipment finance companies have offered payment deferrals and 77% of companies expect the default rate will be greater in 2020 than in 2019, according to the Foundation’s June 2020 COVID-19 Impact Survey. The data is based on 77 survey responses collected from July 1-11. See comments from respondents and survey highlights in graphic form at http://bit.ly/ELFFImpactSurvey.


 

Investment Bright Spots: Computers & Software

Several equipment verticals show investment weakening over the next 3-6 months in the Foundation-Keybridge July Equipment & Software Investment Momentum Monitor. However, the Monitor forecasts potential improvement in computers investment growth and notes that software may fare better than other verticals due to the increase in work-from-home policies. See details at http://bit.ly/ELFFMonitor.