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
  • 63 cents of every dollar spent on equipment is financed, totaling $1.059 trillion in 2018.3

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. Federal, State & Local Government
  9. Telecommunications
  10. Utilities

The top 10 equipment types that are financed:2

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

Equipment Finance is Growing

  • Growth in investment in equipment and software is expected to accelerate in 2017, growing at a 3.6 percent rate. By 2020, total investment in equipment and software is expected to reach $1.8 trillion.1
  • The 2017 estimate for the equipment finance market (including software) is $1.07 trillion. The market for equipment and software financing is expected to reach 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, 2017 Survey of Equipment Finance Activity
  3. Equipment Leasing & Finance Foundation, 2017 State of the Equipment Finance Industry