Equipment Finance's Impact by the Numbers

In 2015, the total market for public and private investment in equipment and software in the United States grew 4.0% to $1.5 trillion. Approximately 68%, or $1.02 trillion, of that investment is financed through loans, leases and lines of credit. The following table illustrates equipment financing by state:

Total Equipment Finance Market ($B) FY 2015
   
Alabama $13.22
Alaska $6.19
Arizona $17.31
Arkansas $9.13
California $132.74
Colorado $17.05
Connecticut $15.39
Delaware $3.64
Florida $43.42
Georgia $25.92
Hawaii $4.57
Idaho $4.43
Illinois $37.52
Indiana $21.52
Iowa $10.58
Kansas $11.42
Kentucky $11.11
Louisiana $15.49
Maine $2.98
Maryland $17.47
Massachusetts $23.01
Michigan $23.95
Minnesota $19.18
Mississippi $6.72
Missouri $14.31
Montana $3.28
Nebraska $9.48
Nevada $8.33
New Hampshire $4.04
New Jersey $32.01
New Mexico $5.30
New York $67.25
North Carolina $33.29
North Dakota $3.41
Ohio $32.36
Oklahoma $11.39
Oregon $23.60
Pennsylvania $38.66
Rhode Island $3.21
South Carolina $10.66
South Dakota $3.78
Tennessee $18.05
Texas $114.80
Utah $8.03
Vermont $1.63
Virginia $22.83
Washington $26.78
Washington DC $4.13
West Virginia $5.84
Wisconsin $15.91
Wyoming $4.04
   
Total/Average $1,020.36