Did you know that American businesses, nonprofits and government agencies invest over $1.5 trillion in plant, equipment and software each year? And, 68% -- or over $1 trillion -- is financed through loans, leases and lines of credit?
America’s equipment finance companies are the source of such financing, providing access to capital to support growth and job creation. Given the important role that the equipment finance industry plays in fueling economic growth, each year the Equipment Leasing and Finance Association (ELFA) hosts Capitol Connections, an advocacy event in Washington, D.C.
This year, Key Equipment Finance employees joined more than 125 ELFA members on Capitol Hill to make the voice of the equipment finance industry heard. The group met with 200 Senate and House offices and one executive branch agency to illustrate the important role that equipment financing plays in our economy and advocate on tax and financial services issues that impact our industry.
The event successfully got the message out that equipment finance not only contributes to businesses’ success, but to U.S. economic growth, manufacturing and jobs.
Learn more about the benefits of equipment financing here.