Favorable Economic and Financing Conditions Will Drive Replacement and Expansion Spending

The Equipment Leasing and Finance Association (ELFA) which represents the $903 billion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2015.

Given U.S. businesses, nonprofits and government agencies will spend nearly $1.5 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy.Businesses will find opportunities presented by a steadily improving economy and favorable credit conditions as they make their decisions for equipment replacement and expansion.

ELFA President and CEO William G. Sutton, CAE, said, "Equipment financing is a critical source of funding for a majority of U.S. businesses, allowing them to acquire the equipment they need to operate and grow. It enables equipment acquisition, which plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors. To assist businesses in planning their acquisition strategies, we have distilled recent research data, including the Equipment Leasing & Finance Foundation's 2015 Equipment Leasing & Finance U.S. Economic Outlook Report, industry participants' expertise and member input from ELFA meetings and conferences to provide our best insight for the Top 10 Equipment Acquisition Trends for 2015."

Read more HERE.

600450 Favorable Economic and Financing Conditions Will Drive Replacement and Expansion Spending glassonweb.com
Date: 20 January 2015
Source: www.equipmentfinanceadvantage.org

See more news about:

See more from these topics:

Others also read

LCI Industries announced that its wholly-owned subsidiary, Lippert Components Manufacturing, Inc., has acquired substantially all of the business assets of Hehr International Inc.
Abundant glass brightens the 70,000 sf facility.
The exterior of the tower is sheathed in a glass curtain wall, with curved glass panels at the northwest and southeast corners.
Working on One Thousand Museum from Pritzker Prize-winning Architect Zaha Hadid.
Unelko Corporation's Invisible Shield® PRO 15 and REPEL® Glass Products are Providing Global Glass Solutions for Apple.
Mountain views, energy efficiency highlight new Ent Center at UC Colorado Springs.

From industry

10924 Granite Street, Suite 200
Charlotte, NC 28273
United States

101 Venture Way
Secaucus, NJ 07094-1808
United States

NEWS RELATED PRODUCTS

HHH Tempering Resources, Inc.
Trex Commercial Products
Diamon-Fusion International, Inc.
Trex Commercial Products

Add new comment