Washington, D.C. – The Equipment Leasing and Finance Association (ELFA) today released the following statement:

“The Equipment Leasing and Finance Association (ELFA) in 2019 established ELFA Equality, a movement led by the ELFA Board, member organizations and association professional staff promoting and advancing diversity and inclusion across the association and the equipment finance industry.

“ELFA Equality believes that our role goes well beyond being an advocate for our industry. Therefore, we are taking a firm stand in calling for inclusion not only in our industry, but also for the whole of society.

“We are saddened by the events unfolding in the United States centered on racial injustice and intolerance. On the heels of these events, we have had many conversations with ELFA members. We have sought to feel the pain, anguish and disappointment of those who have experienced racial discrimination. Tragically, the issues of prejudice and injustice are rooted in our history, and the time has come to rid our society of these unjust and intolerable behaviors once and for all.

“While ELFA has been striving for inclusion and diversity, we pledge to do more by having difficult conversations that lead to actions, results and, ultimately, change.

“Please join us by working with ELFA Equality on conversations and actions that will make a difference for our industry and society.”

About ELFA

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.