Economic Impact of Equipment Finance
Equipment finance powers business and the economy. Equipment finance not only contributes to businesses' success, but to U.S. economic growth, manufacturing and jobs.
In 2016, a projected $1.508 trillion will be invested by U.S. businesses, nonprofits and government agencies in plant, equipment and software. Approximately 68%, or $1.034 trillion, of that investment will be financed through loans, leases and lines of credit.
The equipment finance industry plays a vital role in supporting the U.S. economy. The industry develops and underwrites financial products for companies to acquire and employ plant, equipment and software to operate their businesses and drive economic activity.
Equipment Finance on the Rise
The rate at which companies lease and finance equipment is projected to grow in the coming years.
Forecast ($ in billions)
Source: Equipment Leasing & Finance Foundation's U.S. Equipment Finance Market Study: 2016 - 2017