WASHINGTON, D.C.– What are the current and forecasted conditions of credit and collections in the equipment finance industry? The Equipment Leasing and Finance Association has released its 2022 Credit Manager Survey and 2022 Collection Manager Survey with slide decks of data results and key insights from credit and collection professionals and equipment finance executive leadership. Results of both surveys were presented during the 2022 ELFA Credit & Collections Management Conference in June in San Antonio, Texas.

The Credit Manager Survey covers a wide array of topics, including credit process, credit scoring, turnaround times, approval rates, collateral values, policy changes, regulations, modifications, application thresholds, booking volume, favorable/unfavorable industries, the macroeconomic environment and the outlook at bank, captive, and independent leasing companies. Based on feedback from 168 ELFA survey respondents in March, among the wide range of survey results are strong expectations for booking volume in all groups and categories, and good credit quality despite a slight increase in delinquency.

The Collection Manager Survey captures information pertaining to aging of receivables, productivity measures, resources assigned to collection activities, technological trends and outsourcing strategies. The data collected from 76 ELFA collection professionals in March were grouped by company, ticket size, and organization type. Overall, the results reflect a sound industry with low delinquency and charge-offs, and healthy recoveries.

Results of both surveys are available for download at ELFA’s Knowledge Hub, the source for business intelligence in the equipment finance industry, at: https://www.elfaonline.org/knowledge-hub/most-popular-resources

Coming Soon

Recordings of presentation sessions of both surveys from the Credit & Collections Management Conference will be available in the coming weeks. Stay tuned for updates.

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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. ELFA has been equipping business for success for more than 60 years. For more information, please visit www.elfaonline.org.

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Media contact: Amy Vogt, VP of Communications & Marketing, at avogt@elfaonline.org.