{"id":4503,"date":"2014-04-14T09:14:54","date_gmt":"2014-04-14T16:14:54","guid":{"rendered":"http:\/\/www.nationalfunding.com\/?p=4503"},"modified":"2018-07-15T16:14:19","modified_gmt":"2018-07-15T23:14:19","slug":"3-reasons-equipment-leasing-expected-grow","status":"publish","type":"post","link":"https:\/\/www.nationalfunding.com\/blog\/3-reasons-equipment-leasing-expected-grow\/","title":{"rendered":"3 Reasons Why Equipment Leasing is Expected to Grow"},"content":{"rendered":"<p>The Equipment Leasing &amp; Finance Association (ELFA) recently released its findings from an internal report gauging growth in the equipment leasing sector, and according to ELFA, the industry is poised for growth. Here are three reasons why:<\/p>\n<h3>1.\u00a0Demand for technology is growing<\/h3>\n<p>Over the next three to six months, leaders in the $827 billion industry expect to see spikes in demand for <a title=\"Equipment Leasing Options\" href=\"https:\/\/www.nationalfunding.com\/equipment-leasing\/types-of-leases\/\">equipment leasing options<\/a>, particularly when it comes to technology. According to the report, equipment and software investment is expected to grow by 4.2 percent this year, up from the 3.1 percent figure presented in an earlier study.<\/p>\n<h3>2.\u00a0The economy is rebounding<\/h3>\n<p>Researchers expect the U.S. economy to grow by 2.8 percent in 2014, which would mark the fastest pace seen since the recession. This growth has affected the <a title=\"Equipment Leasing \" href=\"https:\/\/www.nationalfunding.com\/equipment-leasing\/\">equipment leasing<\/a> industry &#8211;\u00a0investment in equipment and software grew at an annualized rate of 8.9 percent in fourth quarter 2013, and industry leaders are hoping this trend will continue.<\/p>\n<h3>3. Winter slumps are fading<\/h3>\n<p>The winter&#8217;s freezing temperatures and record snowfalls are finally fading, and as spring arrives, so do\u00a0increased consumer spending and business investments. Furthermore, William G. Sutton, ELFA president and CEO, remarked on the improving political climate, which may lend itself to increased demand for heavy equipment, machinery and technology.<\/p>\n<p>&#8220;The Foundation&#8217;s Outlook report reflects a strengthening economy and positive trends in equipment investment,&#8221; said William G. Sutton, president and CEO of ELFA. &#8220;We know the cold winter has had some negative impact on the economy; however, with reduced policy uncertainty, stronger economic fundamentals and replacement demand, we remain optimistic about growth.&#8221;<\/p>\n<p>Those interested in exploring their equipment leasing options should contact National Funding, an alternative lender that works with small businesses to get them the <a title=\"Business Equipment\" href=\"https:\/\/www.nationalfunding.com\/equipment-leasing\/business\/\">business equipment<\/a> they need.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Improved demand in technology as well as the fading winter are lending themselves to potential growth in the equipment leasing sector.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[34,17,21],"class_list":["post-4503","post","type-post","status-publish","format-standard","hentry","category-finance-lending","tag-elfa","tag-equipment-leasing","tag-web-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 Reasons Why Equipment Leasing is Expected to Grow<\/title>\n<meta name=\"description\" content=\"The equipment leasing and financing industry is growing as demand for technology equipment increases and business increases in the Spring season.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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