US equipment financing rises

News Story
- 30 May 2019 ( #925 ) - Washington, DC, United States
1 min read
Credit approvals have increased
Credit approvals have increased
Finance for new business for the American equipment industry reached USD8.8 billion in April, up 11% year-over-year. Volume was up 7% month-to-month from USD8.2 billion in March, according to the Monthly Leasing and Finance Index (MLFI) just released.

The report found credit approvals also increased, reaching 76.8%, up from 75.3% in March.

Separately, the Equipment Leasing & Finance Foundation's Monthly Confidence Index (MCI-EFI) in May is 59.2, up from the April index of 58.3.

The MLFI-25 is the only index that reflects capex, or the volume of commercial equipment financed in the US.

ELFA president and CEO Ralph Petta attributes the rise in new business volumes to continued low interest rates, a strong labour market and solid economic fundamentals which contributed to healthy demand by U.S. businesses - both large and small - for financed assets to run their business operations. "Historically elevated credit quality also remains a signature feature of financing transactions conducted by ELFA members," he says.

The Equipment Leasing and Finance Association is the trade association that represents companies in the USD1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods.
US equipment finance industry confidence at three-year high
US equipment finance industry confidence at three-year high 28 Nov 2024 - Washington, DC, United States - 1 min read
LiuGong adds PEAC financing
LiuGong adds PEAC financing 22 Aug 2024 - Mount Laurel, NJ, United States - 1 min read
Briefs
Briefs 15 Jun 2023 - 2 min read
Previously about:
Equipment finance confidence eases  News Story - 24 Mar 2022 - Washington, DC, United States - 1 min read
US equipment investment on the rise News Story - 15 Apr 2021 - Washington, DC, United States - 2 min read
Equipment finance sentiment rises News Story - 24 Sep 2020 - Washington, DC, United States - 1 min read
Do you have materials handling news? Submit your news here

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Inside The News
As part of Forkliftaction’s 25th anniversary celebrations, we have dug into the archive and, over the next year, will be highlighting a carefully curated selection of historical stories we have published over this time... Continue reading

PREMIUM business

Combilift Ltd
Manufactures world class 4-way Handling Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

Lift Tek Elecar
Global leader in the design and manufacture of masts, carriages, integral sideshifters & fork positioners.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.