Associations

Equipment Leasing & Finance Foundation Announces Scholarship Award Winners

The Equipment Leasing & Finance Foundation announced the five student recipients of The Equipment Leasing & Finance Foundation Scholarship. Each student will receive a scholarship of $5,000 for the 2023-2024 academic year. read more

ELFA’s Engage App Reaches New Milestone of 2K Users

The Equipment Leasing and Finance Association’s Engage app — a mobile hub for events, news and networking in the equipment finance community — has reached a new milestone of 2,000 users. read more

Trucking Industry Moved More Than 11.4B Tons of Freight in 2022, Generating $940.8B

According to the latest edition of American Trucking Associations’ American Trucking Trends 2023 report, trucks moved more than 11.4 billion tons of freight in 2022, generating more than $940 billion, which were both increases from 2021. read more

Confidence in Equipment Finance Market Increases in July

According to the Equipment Leasing & Finance Foundation‘s July 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) , overall confidence in the equipment finance market is 46.4, an increase from the June index of 44.1. read more

ELFA Webinar Details Info About NY’s Commercial Financing Disclosure Laws Taking Effect Aug. 1

The Equipment Leasing and Finance Association held a webinar on July 12 to educate members on new commercial financing disclosure laws taking effect in New York on Aug. 1 and their impact on the commercial equipment leasing and finance sector. read more

ELFA Survey Reports 6.3% Increase in New Business Volume in Equipment Finance in 2022

The equipment industry increased new business volume by 6.3% in 2022, according to the 2023 Survey of Equipment Finance Activity (SEFA) from the Equipment Leasing and Finance Association. This result is a modest decrease from the industry’s growth of 7.4% in 2021. read more

GAMA Adds 5 New Member Companies

The General Aviation Manufacturers Association added Aviation Partners, Enstrom Helicopter Corporation, HCL America and SmartSky Networks as member companies and Siemens Smart Infrastructure as an associate member. read more

Key Takeaways from Recent ELFA Webinar About Section 1071 Compliance

The Equipment Leasing and Finance Association recently held a webinar titled, “Section 1071: It WILL Affect Your Operation – Here’s How, and What You Can Do to Prepare,” covering how to prepare for compliance with the rules and reporting requirements of Section 1071 of the Dodd-Frank Act. read more

ELFA Opens Registration for 62nd Annual Convention

The Equipment Leasing and Finance Association opened registration for its 62nd ELFA Annual Convention, which will be held Oct. 22 to Oct. 24 at the JW Marriott Phoenix Desert Ridge in Phoenix. The early-bird registration deadline for the event is Aug. 11. read more

NEFA Appoints Nominating Committee

In accordance with the bylaws of the National Equipment Finance Association, Jim Jackson of The Alta Group, the association's immediate past president and board chairperson, appointed a nominating committee consisting of both regular and services members. read more

NEFA Aims to Add Companies During Summer Membership Drive

The National Equipment Finance Association is holding a summer membership drive as it seeks independent equipment finance companies looking to build their balance sheets. The NEFA's goal is to add at least 50 new broker/lessor companies by the end of the year.  read more

Equipment Finance Industry Experiences Negative Impacts Due to Recent Bank Failures

According to the results of a new survey from the Equipment Leasing & Finance Foundation, the equipment finance industry is experiencing a negative impact on business conditions due to recent bank failures and their attendant liquidity issues. read more

ELFA to Host Webinar on Commercial Finance Disclosure Laws on July 12

The Equipment Leasing and Finance Association will host a webinar titled “The NY Disclosure Laws Are Effective on August 1, 2023 – Will You Be Ready? Let Us Help!” to help equipment finance professionals prepare for New York’s commercial finance disclosure laws set to take effect on Aug. 1. read more

ELFA’s Climate Finance Working Group to Host Webinar on Inflation Reduction Act

The Equipment Leasing and Finance Association will host a free webinar, “ELFA’s Climate Finance Working Group Presents: A Briefing of the Inflation Reduction Act,” on June 22 from 2:30 to 3:30 p.m. EDT. read more

CFLA Report Reveals Surge in Vehicle Theft

The Canadian Finance and Leasing Association released a report that revealed vehicle theft has reached a critical point in Canada, costing the country $1 billion dollars annually. read more

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