Survey Reports Overall New Business Volume Grew 6.7% in 2014
New business volume grew 6.7 percent in the equipment finance industry in 2014, according to the 2015 Survey of Equipment Finance Activity (SEFA) released by the Equipment Leasing and Finance Association (ELFA), Washington, D.C. The rise in new business volume marked the fifth consecutive year that businesses increased their spending on capital equipment.
The SEFA report, now celebrating its 40th year, covers key statistical, financial and operations information for the $903 billion equipment finance industry, based on a comprehensive survey of 100 ELFA member companies. The report includes an expanded executive summary and is available online. ELFA also released a companion report to the 2015 SEFA called the 2015 Small-Ticket Survey of Equipment Finance Activity. The report, which focuses on small-ticket and micro-ticket equipment transactions among the SEFA respondents, found that new business volume in the small-ticket space grew by 7.1 percent in 2014. Key findings for 2014 as reported in the 2015 SEFA include overall new business volume grew 6.7 percent, assets under management grew 8.6 percent, net income increased 15.2 percent and more.
For more information, visit www.elfaonline.org/SEFA.