Equipment finance facilitates the growth and expansion of the U.S. and global economies by providing multiple financing products for companies to acquire and employ plant, equipment and software, thereby enhancing business investment and capital formation.
The equipment finance sector is comprised of financial services companies and manufacturers, regional and community banks, and independent medium and small finance companies.
An important contribution of the industry lies in providing access to capital because equipment acquisition and utilization impacts goods-producing and service-providing industries - virtually all sectors of the economy. Watch the video below to learn more about the equipment leasing and finance industry. (Source ELFA Website)