About

About Equipment Finance

Most businesses require equipment in order to operate and, in many cases, make a profit. Equipment leasing and financing help all types and sizes of commercial businesses in the U.S. to acquire the equipment they need to conduct their business operations. Each business has to make the best procurement choice based on numerous factors such as cash flow, balance sheet impact and available credit lines. Equipment finance offers flexible choices that can work with the diverse objectives of most businesses.

Equipment Finance Supports the U.S. Economy

  • Equipment finance not only contributes to businesses' success, but to U.S. economic growth, manufacturing and jobs.
  • 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
  • In 2019, leasing was the most common financing method (used by 24%); 16% used lines of credit, 12% used secured loans and 3% used other forms of finance.1

Facts About Industry Sectors

Discover equipment finance statistics and facts for 10 equipment sectors in a series of fact sheets.

Who Finances Equipment?

The top 10 industries that finance equipment:2

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

Equipment Finance Forecast

Equipment Leasing & Finance Foundation's quarterly Economic Outlook Report Track predictions for growth in equipment and software investment and the state of the equipment finance market in the Equipment Leasing & Finance Foundation's quarterly Economic Outlook Report.

Questions?

Contact Amy Vogt, Vice President of Communications and Marketing, avogt@elfaonline.org


  1. Equipment Leasing & Finance Foundation, 2019 Equipment Leasing & Finance Industry Horizon Report
  2. Equipment Leasing and Finance Association, 2020 Survey of Equipment Finance Activity
  3. Equipment Leasing & Finance Foundation, 2020 Equipment Leasing & Finance U.S. Economic Outlook