Posts Tagged ‘Equipment leasing’

Leasing Delinquencies Remain at Historic Lows

Posted on October 11, 2017 by Laura Lam

Recent statistics from the Federal Reserve validate what leasing professionals have understood about their industry for years. The data reach back to the first quarter of 1985 and underscore the fact that, when it comes to delinquencies and charge-offs, equipment leasing remains one of the best performing sectors under the broader umbrella of commercial finance. According to Bob Rinaldi, CEO of Commercial Industrial Finance, Inc., the most recent data on charge-offs and delinquencies offer no surprises. Rinaldi stated, “There’s nothing in this data that should alarm anyone in the industry…the data points are exactly where they should be. Everything here…

Equipment Finance Confidence Up in August

Posted on August 30, 2017 by Laura Lam

The Equipment Leasing & Finance Foundation recently released the August 2017 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).  Overall, confidence in the $1 trillion equipment finance market is 64.4 in August, up from 63.5 the previous two months. When asked about the outlook for the future, Thomas Jaschik, President of BB&T Equipment Finance, said, “The political dysfunction in Washington continues to stifle the U.S. economy. Despite this lack of leadership the equipment finance industry has experienced solid growth in 2017. However, with some action on tax and regulatory reform the economy and equipment finance industry could greatly accelerate.”…

New Business Volume Down 3% from 2015

Posted on February 09, 2017 by Laura Lam

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), showed their overall new business volume for December was $12.1 billion, down 3% year-over-year from new business volume in December 2015. Volume was up 89% month-to-month from $6.4 billion in November in a typical end-of-year spike. Cumulative new business volume for 2016 was down 2% from 2015. Receivables over 30 days were 1.40%, up from 1.30% the previous month and up from 1.10% in the same period in 2015. Charge-offs were 0.42%, up from 0.40% the previous month but virtually flat when compared to the year-earlier period.  Credit approvals totaled…

Business Equipment Purchases To Increase in Late 2013

Posted on April 09, 2013 by Saldutti

The Equipment Leasing & Finance Foundation is now predicting that investment in equipment and software will grow 5.6% in the U.S. in 2013.  That’s up from a previous 2.9% growth forecast that the foundation made in December. William Sutton, the foundation’s president, said that 2013 “will be a tale of two halves,” with sluggish growth in the first half of the year, followed by a pick-up in overall economic activity in the second half of the year.  “On balance, we expect the positives to outweigh the negatives as businesses begin to feel more confident and ready to invest in capital…

Make Wise Decisions When Purchasing Equipment

Posted on February 12, 2013 by Saldutti

Whether your wish list includes manufacturing, medical, transportation or technology equipment, how you finance major purchases may not only impact the return on your investment but the success of your entire company.  “Financing decisions impact cash flow and a company’s ability to capitalize on opportunities or respond to adversity,” says David Beckstead, a regional sales manager for the Equipment Financing Division at California Bank & Trust. “Executives need to weigh their options carefully before making a decision.” Beckstead offers the following advice on prudent financing decisions when purchasing machinery and equipment. What should executives consider as they are reviewing various…