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Axis Capital Group Funding Review: Equipment Financing On th

Grand Island, Nebraska - From machineries to office equipment, it is possible to lease almost everything for your company. 7 out of 10 companies in America are leasing their business equipment, according to facts presented by the Equipment Leasing and Finance Association (ELFA) and it is still on the rise.

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Axis Capital Group Funding Review: Equipment Financing On th

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  1. Equipment Financing On the Rise Axis Capital Group Funding Review

  2. Grand Island, Nebraska From machineries to office equipment, it is possible to lease almost everything for your company.

  3. 7 out of 10companies in America are leasing their business equipment, according to facts presented by the ELFA and it is still on the rise.

  4. Analysts consider it good news for US economy when in 2014, the latest survey of Equipment Finance Activity from ELFA shows that companies signed up for 9.3% more new loans, leases and line of credit to finance equipment. Analysts consider it good news for US economy when in 2014, the latest survey of Equipment Finance Activity from ELFA shows that companies signed up for 9.3% more new loans, leases and line of credit to finance equipment.

  5. New business volume also grew across organizational types.

  6. Bank Affiliated, which includes commercial banks, investment banks and multi-line finance companies, rose to 6.2%. The captives which typically provide financing for their manufacturer or equipment supplier rose to 11.3%. Independents drastic increase is up to 17.7%. These are those who directly finance the business.

  7. Among the most-financed equipment type, all saw an overall increase in new business volume. 26% of companies lease transportation equipment Computer equipment came second at 21.7% 3.3% of businesses lease material handling

  8. ELFA also released the forecast on the top 10 trends in 2015 that proves equipment financing as one of the major economic advancement of the country.

  9. Equipment Financing is expected to reach a stunning $1.484 trillion this year with the rapid growth of companies venturing into equipment leasing. Higher growth is possible with aircrafts, trucks and other industrial equipment. Equipment Financing is expected to reach a stunning $1.484 trillion this year with the rapid growth of companies venturing into equipment leasing. Higher growth is possible with aircrafts, trucks and other industrial equipment.

  10. As the economy steadily improves and business confidence continues to increase, credit standards should modestly loosen. The propensity to finance decreased in the wake of the financial crisis as businesses deleveraged and refrained from new business investment.

  11. Since bottoming out in 2010, the rate at which businesses finance their capital spending has grown consistently and will continue to increase in 2015 with steady economic recovery and shifts in Federal Reserve policy.

  12. Countries from different parts of the world also saw the potential of equipment leasing and have been at par with America on the increase of its rates. Singapore and Indonesia, particularly Jakarta, are known to be Asia’s attractive leasing hub. Construction and infrastructure equipment serves to be leading type of business lease in both countries.

  13. Big changes are said to be expected in the newest survey by ELFA to be released by June this year. The organization is also in close watch of fraud and scams on this line of business and is establishing ways on how to eliminate these kinds of issues.

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