Equipment finance levels soar, projected to boom

The equipment finance sector is forecasted to grow nearly $20 billion in 2013 from 2012 to a total of $742 billion, says the Equipment Leasing & Finance Foundation. 

That number includes financing by both U.S. business and government entities. 

ELLF says that the equipment finance industry is at an all-time high and has returned to levels last seen before the recession. The Foundation’s Equipment Finance Market Study for 2012-2013 projects this year’s finance number to peg $725 billion. 

For the full report, see CCJ sister site  Overdrive‘s article.