06 05 2013

06 05 2013

Equipment Leasing Industry Makes Big Gains in April

As the economy gains steam and builds back toward pre-recession levels, small business owners have become increasingly open to leasing equipment to improve or grow their operations. Such a sentiment was made abundantly clear in the latest edition of an index measuring the performance of the equipment leasing industry.

According to the Equipment Leasing and Finance Association’s monthly index, survey participants in the leasing industry reported economic activity in the sector totaled $7.5 billion in April. That number is a 23 percent year-over-year rise from April 2012 and a 10 percent increase from the month before.

For the year to date, new business volume in equipment leasing is up 8 percent compared to last year. Seventy-two percent of participatory organizations said they submitted more transactions for approval in April than the month before; 50 percent said they had done the same in March.

The rising tide of business in equipment leasing fed directly into increased optimism among organizations in the industry: A separate confidence meter registered a 56.7 in May, up from April’s index reading of 54.

“Both performance indices … provide solid evidence that the demand side of the capital investment equation continues to pick up as the broader economy strengthens,” said William Sutton, ELFA President and CEO. “It is our hope that this trend pushes into the second half of the year.”

Small business owners interested in equipment leasing can contact National Funding on their best available options for procurement.


  • Small business marketing guide

    Small Business Marketing Guide – Improve Your Marketing Program

    Take advantage of the power of marketing by downloading National Funding's Small Business Marketing Tips eBook. A solid small business marketing strategy helps ensure that owners in any industry can potentially turn a minor investment into major sales opportunities. Unfortunately, too often, many small business owners mistakenly think they don't have the resources or tools… […]

  • 3 ways small businesses lose money

    3 Common Ways Small Businesses Waste Money

    Running a small business can be incredibly rewarding. At the same time, though, it can also be really difficult. Few people are experts in every aspect of entrepreneurship. For example, you might be amazing at sales, but accounting isn't your strong suit. In any case, lack of information and expertise results in profit loss for… […]

  • 2017 small business taxes

    New Small Business Tax Code Changes For 2017

    Contending with taxes can be a headache for small business owners, especially when the new year brings in a lot of additions and alterations to the tax code. Having a strong grasp of what's different for filing your business taxes in 2017 means you're more informed and can make better decisions about doing them yourself,… […]

  • 5 tips for starting a small business

    5 Leading Tips for Starting a Successful Small Business

    Starting a small business is a massive but rewarding undertaking. Part of starting a small business is doing things in a way that makes the most sense to you, but a little guidance can help as well. Consider these tips for starting your own company and incorporate them as needed: 1. Recognize your strengths and… […]