Industry News

There are five major forces of change in the equipment finance industry: Societal Technological Environmental (Regulatory) Economical Political These factors push and pull the industry in ways that are often difficult predict. However, this doesn’t mean it isn’t worth speculating what the future may hold. Here are some ideas of what the future may hold.

The Equipment Leasing and Finance Association (ELFA) has recently named it’s top 10 trends in 2018 for equipment acquistion: Capital spending will have its strongest performance in six years. Look for strengthening positive momentum in financed equipment acquisitions. Tax reform will help unleash pent-up demand by businesses for new equipment. Higher interest rates will loom as…

Wondering what the most porlific equipment being leased in 2018 is? A survey was taken of ELFA (Equipment Leasing and Financing Association) member asset managers and consultants, and the results are out. The hottest equipment sectors in 2018 are construction, machine tools, trucks/trailers, IT, containers/chassis and medical equipment with the biggest role being played by construction…

Millennials are the driving force for today’s society. Their unique ways of thinking will help build your business. Many businesses struggle with finding ways to stay current with the changing times. It is necessary for some businesses to hire young workers (Millennials) in order to survive. They bring a fresh perspective, they are motivated, and…