New business volume grew 2.5% in the equipment finance industry in 2016, according to the 2017 Survey of Equipment Finance Activity (SEFA) released this month by the Equipment Leasing and Finance Association (ELFA). The rise in new business volume marked the seventh consecutive year that businesses increased their spending on capital equipment.Read More »
Among the many important decisions in business is when to replace outdated equipment or acquire the latest technology to keep up with the competition.
Rather than paying for equipment outright, many businesses find advantages to financing their equipment. We previously outlined three benefits, and here are three more from the Equipment Finance Advantage website for you to consider as you examine your options.Read More »
One of the best ways to determine if equipment financing is right for your business is to ask the right questions before the decision is made.
If managing cash flow, preserving capital and obtaining flexible financial solutions are priorities, you may want to take a strong look at equipment financing. The value of equipment comes from using it, not owning it, after all. To discover if equipment financing is a fit, ask these 10 questions from the Equipment Leasing & Finance Association.Read More »
Equipment financing offers distinct advantages to businesses needing to upgrade their equipment or acquire the latest technology to compete in their markets.
Before wading into the equipment financing pool, it's important to have a high-level understanding of the options and benefits.Read More »