The Equipment Leasing and Finance Assn.’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for March was $9.3 billion.
Given U.S. businesses, nonprofits and government agencies will spend over $1.8 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.
Experts explain how artificial intelligence, blockchain and smart contracts can
benefit equipment financing — and encourage dealers to learn about the technologies and
seek out financing partners who are doing the same.
Artificial intelligence, blockchain and smart contracts are three kinds of technology
improving processes and outcomes in other industries, but which are not yet available for
equipment financing. Two experts say it’s time that equipment dealers demand this tech of
their financing partners.
The Equipment Leasing & Finance Assn. (ELFA) says that businesses will find opportunities for equipment investment as solid market conditions and an improving U.S. economy prevail over global headwinds and potential policy changes.
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