ELFA Expects Growth in Software and Equipment Investments
Are you a business owner asking yourself, “Should I lease equipment for my business?”
LeaseQ has the answer, “Yes, you should!”
In fact, it is the perfect time. The Equipment Leasing and Finance Foundation expect investments in software and equipment to grow 5 percent in the second half of 2015. Also, a strengthening U.S economy should help fuel the equipment finance industry this year.
William G. Sutton, CAE, President of the Foundation and President and CEO of the Equipment Leasing and Finance Association, said,
The report also predicts that a steady increase in new business volume and a rising propensity to finance will drive positive growth for the equipment finance industry in 2015.
Today, Equipment finance is a $903 billion industry in the United States. As such, there is a lot of liquidity in the market. Making it an optimal time for small businesses and startups to finance their equipment.
Strong Equipment Verticals
Weak/Negative Equipment Verticals
- Mining and Oilfield
- Agricultural machinery
GDP anticipates growing 2.6 percent in 2015, despite a 0.2 percent contraction in Q1 2015. The result of the tough winter weather on the East Coast, a port strike on the West Coast, and a strong dollar harming net exports. Yet, a strengthening labor market and a boost in consumer spending will fuel faster growth for the rest of 2015.
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