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Article: Equipment Leasing & Finance Foundation's Groundbreaking Study Finds Equipment Finance Market Reaches $600 Billion.(Report)
- Article from:
- Business Wire
- Article date:
- December 18, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Most Comprehensive Research to Date Underscores Industry Role in U.S. Economy
WASHINGTON -- Groundbreaking findings in a new report, U.S. Equipment Finance Market Study, issued today, reveal the most accurate picture yet of the domestic equipment finance sector: of the $1.1 trillion invested in plant, equipment and software in 2006, 55 percent or $600 billion is financed through loans, leases and lines of credit according to the study released by the Equipment Leasing and Finance Association/1 (ELFA). The study was conducted by Global Insight Inc./2 at the request of the Equipment Leasing & Finance Foundation/3 (the Foundation), the research affiliate of the ...