ELFA - Equipment Leasing and Finance Association - Equipping Business for Success
Equipment Leasing & Finance
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The Latest ELFA and Foundation Data

Key Metrics Update (002)ELFA’s Monthly Leasing and Finance Index closed out 2023 with a strong finish despite ongoing concerns of a recession and the higher interest rate environment throughout the year. In 2023 new business volume was up 3.9% compared to 2022. Positive year-end new business volume showed that U.S. businesses continue to rely on equipment financing to operate and grow. Delinquencies and losses, while historically elevated, have remained within consistent ranges since last summer.

Fraud CoverGrowing Fraud

Increases of 10% or more in incidents of fraud types, including identity theft and first- and third-party borrower fraud, have occurred among equipment finance companies over the last two years. That’s according to the Foundation’s study, “Fraud in the Equipment Leasing and Finance Industry.”

Improved Confidence

Overall confidence in the equipment finance sector was 51.7 in February, the highest level since February 2023, according to the Foundation’s Monthly Confidence Index. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by industry executives.
Feb 2024 MCI ELFF

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