Facts About Equipment Finance

  • Equipment leasing and financing help all types and sizes of commercial businesses in the United States to acquire the equipment they need to conduct their business operations.
  • Nearly 8 in 10 businesses use at least one form of financing (excluding credit cards) to acquire equipment.1
  • 68 cents of every dollar spent on equipment is financed, totaling $1.034 trillion in 2016.1

Who Finances Equipment?

The top 10 industries that finance equipment:2

  1. Services
  2. Industrial & Manufacturing
  3. Agriculture
  4. Transportation
  5. Wholesale / Retail
  6. Construction
  7. Finance, Insurance, Real Estate
  8. Mining / Oil & Gas Extraction, Pipelines
  9. Federal, State & Local Government
  10. Telecommunications

The top 10 equipment types that are financed:2

  1. Transportation
  2. IT and Related Technology Services
  3. Construction
  4. Agricultural
  5. Medical Equipment
  6. Office Machines
  7. Industrial / Manufacturing
  8. Materials Handling
  9. Energy
  10. Furniture, Fixtures & Equipment

Equipment Finance is Growing

  • Growth in investment in equipment and software is expected to accelerate slightly in 2017, growing at a 3.0 percent rate. By 2020, total investment in equipment and software is expected to reach $1.8 trillion.1
  • The 2015 estimate for the equipment finance market (including software) was $1.02 trillion. The market for equipment and software financing was expected to grow to $1.03 trillion in 2016, reaching a projected $1.24 trillion in 2020.1

Equipment Finance Supports the U.S. Economy

  • Equipment finance not only contributes to businesses' success, but to U.S. economic growth, manufacturing and jobs.

Questions? Contact Amy Vogt, Vice President of Communications and Marketing, avogt@elfaonline.org

  1. Equipment Leasing & Finance Foundation, U.S. Equipment Finance Market Study: 2016-2017
  2. Equipment Leasing and Finance Association, 2016 Survey of Equipment Finance Activity