Press Release Summary:
The ELFA has launched Equipment Finance 101, an informational website at www.equipmentfinance101.org offering information that businesses and other organizations can use to learn about equipment finance options. Information on the site includes types of finance products, a loan/lease comparison, a glossary of terms, an analysis to help determine suitable financing options, fact sheets on industry sectors, and topical bylined articles.
Original Press Release:
Equipment Finance 101: Equipment Leasing and Finance Association Offers Equipment Finance Expertise for End Users
Equipment Finance Decisions Ahead for Your Business? Information and Resources Available
Washington, DC, May 9, 2008 - The Equipment Leasing and Finance Association (ELFA) launches an informational website, Equipment Finance 101 (www.equipmentfinance101.org) offering comprehensive resources for end users of equipment finance products and services that comprise the $600 billion equipment finance sector.
ELFA is the premier source for statistics and analyses covering the equipment finance sector, and Equipment Finance 101 provides information businesses and other organizations can use to learn about finance options including how to select financial products appropriate for their businesses. Eight out of 10 U.S.-based businesses finance the equipment they acquire versus extending their lines of credit or tying up their cash, according to ELFA.
"The equipment finance industry has always been characterized by its entrepreneurial nature and responsiveness to the needs of its customers," said Kenneth E. Bentsen, Jr., ELFA President. "Equipment Finance 101 seeks to provide resources and financial information to end-users that is especially important during the downturn in the economy and current credit tightening which naturally puts increased pressure on making financial decisions," said Bentsen.
As the equipment finance needs of organizations have grown and evolved over time, the equipment finance industry has kept pace by developing new products to meet customer demands for financing assets that are necessary to grow and invest in their businesses. Businesses that finance equipment range from Fortune 100 corporations to one-person operations in a variety of industries.
Information available at Equipment Finance 101 includes: Types of finance products, a loan/lease comparison, a glossary of terms, an analysis to help determine suitable financing options, fact sheets on industry sectors including transportation, medical, construction energy and others, and topical bylined articles, such as "Ten tips for Strategic Equipment Finance" (available for reprint, free of charge)
About Equipment Finance 101
Equipment Finance 101 is hosted and produced by the Equipment Leasing and Finance Association with the assistance of David G. Mayer, a Business Transaction Partner and equipment finance expert at Patton Boggs LLP whose practice primarily includes the areas of equipment finance, project finance, aviation finance and other asset-based transactions. Mayer is also the author of Business Leasing For Dummies and produces the monthly Business Leasing and Finance News which has subscribers in 35 countries.
The Equipment Leasing and Finance Association is the trade association that represents companies in the $600 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing the utilization of and investment in capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 700 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org
ELFA is also the premier source for statistics and analyses covering the equipment finance sector. To access ELFA's comprehensive industry information, please visit www.elfaonline.org/ind/research/
Diane Helyne Zyats
Equipment Leasing and Finance Association
Phone Number: 202-238-3438