Equipment Finance Survey Shows 2010 Industry Growth
Following declines in new business volume in 2008 and 2009, the equipment finance industry began to regain volume in 2010, according to the 2011 Survey of Equipment Finance Activity (SEFA) released in July by the Equipment Leasing and Finance Association.
The survey reported an overall 3.9% increase in volume in 2010, compared to a significant 30.3% decline reported in 2009 and a 2.2% decline reported in 2008. The SEFA, based on responses from 108 ELFA member companies, covers key statistical, financial and operations information for the $521-billion equipment finance industry.