The Monthly Confidence Index results for the last two reported periods provide continued optimism for the year ahead, according to the Equipment Leasing & Finance Association with confidence for the industry close to a two-year high.
“We are optimistic about the demand for businesses to purchase equipment and the need for financing to acquire that equipment,” says Brad Bayless, VP, Dynamic Funding, Inc.
“Beginning 2014 with a 63.3 MCI, the 2nd highest mark in the last 24 months, is also extremely promising and serves as evidence of stability and positive velocity within our industry. In the Monthly Leasing and Finance Index, origination volumes year-over-year are also up, while maintaining historically low delinquency and charge-offs; an indication of continued health. The combination of these positive indicators creates a huge amount of excitement for potential growth.” Read more.