The Equipment Leasing and Finance Association (ELFA) which represents the $725 billion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2013. Given that every year U.S. businesses, nonprofits and government agencies spend in excess of $1.2 trillion in capital goods or fixed business investment (including software),…
Allan Levine, COO Small businesses are finding loans are scarce and are looking to other sources of financing such as crowdfunding. One example is EarlyShares, which is similar to Kickstarter but funds companies instead of projects. The Securities and Exchange Commission still has to finalize regulations for more investors…
Tom Myers, VP Business Development I recently came across a really good article by Sapan Jain, country executive for IBM Global Financing, on why lease financing makes a lot of sense for companies acquiring IT equipment. Mr. Jain points out that because of fast approval times and the quick dispensation of funds by financiers…
There is an interesting new IT report conducted for ELFA by Capgemini’s asset-finance practice, which addresses the state of the IT industry from a technology perspective. The report serves as an industry benchmark for information technology, operations direction and spending, and it represents a summary of survey responses and key…
Tom Myers, VP Business Development I talk with a lot of business owners; many are trying to respond to market opportunities by expanding their business. Often new or used equipment and/or vehicles are needed. Many businesses are having a difficult time obtaining bank financing and they are not aware of…
Nancy Pistorio, Madison Capital’s EVP, attended the 51st Annual Convention of the Equipment Leasing and Finance Association in Palm Dessert, CA. During the Conference, the association’s Board of Directors issued a Policy Statement on Comprehensive Tax Reform. The statement outlines key principles the association believes are important as Congress…
According to a recent Reuters report, lending to small-businesses in the U.S. rose in August for a second straight month. Once again, this may be a sign the economy might be back on track. The Thomson Reuters/Paynet Small Business Lending Index, which measures the overall volume of financing to small…
Madison Capital attended the annual National Equipment Finance Association (NEFA) business meeting last Friday and Saturday, September 14-15. The conference was held at the Renaissance Washington, DC DuPont Circle hotel, which was a pleasant drive from our Owings Mills, MD office. During the conference, new Officers and Directors were elected for 2013.…
According to the 2012 SEFA, Survey of Equipment Finance Activity, the top three types of assets lease financed in 2011 were transportation, computer and agricultural equipment. It’s interesting that they make up more than 50% of transactions reported by ELFA members. Surprisingly, medical equipment saw a decline in business volume.…
Interesting post on some of the best iPad apps available for small businesses. TJ McCue, Tech Biz Talk Shortages occur for just about everything made or modified by humankind, but I don’t believe we’ll ever suffer from a lack iPad or iPhone apps. With so many apps to weed through,…
