Equipment Finance Industry Sees 3.1% Growth in New Business Volume Amid Tightening Credit in 2024
Overall new business volume (NBV) growth in the $1.3 trillion equipment finance industry increased from 1.1% in 2023 to 3.1% in 2024, according to the 2025 Survey of Equipment Finance Activity (SEFA) released today by the Equipment Leasing & Finance Association (ELFA). This annual SEFA report provides key statistical and financial benchmarks based on......