E-Docs Trend Upward
Even before the pandemic, the adoption of electronic documents was on the rise in the equipment finance industry, as the graph below reveals. The 2020 adoption rate will be revealed in the 2021 Survey of Equipment Finance Activity (SEFA), coming this summer.Source: 2020 SEFA, www.elfaonline.org/SEFA
Participate in the 2021 Compensation Survey—And Get Your Free Copy
The ELFA Small and Medium Enterprise Compensation Survey is back after taking a hiatus in 2020. We are collecting salary data from small or medium sized (below $500 Million in NBV) organizations. Please contact Bill Choi ([email protected]) if interested in participating.
February MLFI Year-Over-Year
See details at www.elfaonline.org/data/MLFI
New Business Volume
Aging of Receivables
Charge-offs
Credit Approvals
Employment
11.2% Growth
That’s the forecast for annual equipment and software investment in 2021
Equipment and software investment growth is expected to be strong this year as robust stimulus efforts, along with trillions of dollars in pent-up demand, point to a wave of spending this summer and fall.
Source: Q2 update to the Equipment Leasing & Finance U.S. Economic Outlook
Equipment Investment Accelerates
Of the 12 equipment and software investment verticals tracked in the Foundation’s Momentum Monitor, nine are showing signs of accelerating investment and three are showing signs of peaking. Software, agricultural and medical equipment are top performers. 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
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