Growth in New Business Volume
According to the 2019 Survey of Equipment Finance Activity, businesses increased their spending on capital equipment in 2018 for the ninth consecutive year.
That’s the average salary for a collections manager, according to the ELFA Small and Medium Compensation Survey. A lot of variables come into play, such as size of company, region, ticket size and type of organization. Watch for new compensation data, coming this fall, and contact Bill Choi at firstname.lastname@example.org
to participate in ELFA compensation surveys.
That’s the number of states as of April 1, 2019, that have adopted laws authorizing either medical or recreational marijuana, or both. Due to a myriad of legal issues, providing financial services to cannabis-related businesses involves significant risk. Unfortunately, as state cannabis laws become more commonplace, many financial companies will find that indirect connections to cannabis-related businesses will be increasingly harder to avoid. Federal legislation is needed to solve the current disconnect between federal prohibitions on marijuana activities and the state laws licensing those same activities.
Source: Spring Journal of Equipment Lease Financing, www.leasefoundation.org/industry-resources/journal-of-equipment-lease-financing/
Equipment Acquisition Forecast
More than twice as many end-users expect their equipment and software acquisitions to increase vs. decrease over the next 12 months.
Source: 2018 Equipment Leasing & Finance Industry Horizon Report, http://bit.ly/ELFFHorizonReport
U.S. Equipment & Software Investment Growth
Equipment and software investment are expected to grow 3.9% in 2019 according to the Q3 update to the Foundation’s 2019 Equipment Leasing & Finance U.S. Economic Outlook. Access the full report at http://bit.ly/ELFFEconomicOutlook.
Source: Macrobond Financial: Projections from Keybridge