Trends in the Equipment Leasing and Finance Industry Support Growth at Taycor Financial

Trends in the Equipment Leasing and Finance Industry Support Growth at Taycor Financial

Los Angeles, California – October 30, 2012 (Press Release) The Equipment Leasing and Finance Association (ELFA) produces a Monthly Leasing and Finance Index (MLFI-25), which reports on equipment finance activity such as New Business Volume, Aging of Receivables, Net Investment at Risk, Average Losses, Credit Approval Ratios, and Total Number of Employees. The ELFA represents companies included in the finance sector such as financial services companies and manufacturing companies involved in financing capital goods.

This past September, the MLFI-25 indicated that overall new business volume was $8.2 billion—up 16 percent from a year ago. In addition, volume increased by 19 percent since August. The ELFA’s Monthly Confidence Index for October reveals a steady confidence in the equipment leasing and finance industry, despite the current economic, political, and regulatory concerns.

William Stephenson, Global Chief Commercial Officer of De Lage Landen noted that “Double digit improvement in several index categories is certainly a good sign for our industry.” In addition, “the improvement trend in these fundamental industry metrics reflects a relatively stable but cautionary outlook for the future.”

Taycor has discovered that there is indeed a steady confidence in the equipment leasing and finance industry, as indicated by their customer surveys. After talking to Taycor’s customer base and vendor partners, VP of Sales Drew Olynick found that in support of the ELFA’s claims, “more and more customers are rushing to lease or finance equipment before the year comes to an end.” If this behavior continues, Drew predicts that “new business volume will continue to see a steady incline and the equipment leasing and finance industry’s revenues will rise.”

The Equipment Leasing and Finance Association’s research is directly correlated with Taycor’s recent business volume and illustrates improvement from 2011.

About Taycor Financial

Taycor Financial, a nationwide equipment leasing and financing company headquartered in Los Angeles, has built a reputation of innovation by proactively seeking out new approaches in value added partnership with equipment vendors in the medical, printing, packaging, industrial and manufacturing industries. Recent partnerships have allowed for the development of innovative tools and support throughout its entire member network. The recent partnership with www.equipmentleasing.org and its partners has grown, and will continue to develop the abilities of Taycor Financial.