The Latest ELFA and Foundation Data

Have you heard the news?

The questionnaire for the 2020 Survey of Equipment Finance Activity has arrived! Complete the survey today and get your free copy of the final study—and more benefits! See www.elfaonline.org/SEFA.

E-Docs on the Rise

A growing number of industry professionals are reporting that at least some of their new business volume is funded with an electronic document, according to the Survey of Equipment Finance Activity.

Percentage of Respondents for Whom Some of Their New Business Volume is Documented with an Electronic Document

January MLFI Year-Over-Year

Loans Go Digital

In 2015, 20% of companies applied for a loan using an online application. That number rose to 21% in 2016 and 24% in 2017.
Source: Going Digital: Current Activities and Future Expectations; see bit.ly/ELFFGoingDigital

Growth Forecast for Ag Equipment

41.7% of U.S. and Canadian dealers expect a pickup in new agriculture equipment revenues in 2020.

Source: Vertical Market Outlook Series: Agriculture Equipment; see bit.ly/ELFFAgriculture