The Latest ELFA and Foundation Data

Top 4 States in terms of 2019 New Business Volume:

Texas: $10.4 ($B)
California: $9.6 ($B)
Washington: $6.5 ($B)
New York: $6.0 ($B)

Top 5 states in terms of 2019 New Business Volume Growth
(percent change):

Hawaii: +77.0%
Alaska: +71.2%
Arkansas: +65.5%
North Dakota: +55.5%
New Mexico: +43.6%

Jan. MLFI Year-Over-Year See details at www.elfaonline.org/data/MLFI

Industry Confidence Rebounds 

After the Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) hit lows during the pandemic not seen since it was launched in 2009, it rose to its highest level in more than two years in February. Source: Monthly Confidence Index

Equipment Investment Upswing

While all 12 verticals tracked by the Foundation’s Momentum Monitor continue to show signs of acceleration, medical and computers are two standouts. The pandemic has—unfortunately—done wonders for investment in these two verticals. The Momentum Monitor suggests that this trend will continue at least over the next three to six months. 
Source:  Foundation-Keybridge Equipment & Software Investment Momentum Monitor