If you are considering applying for an equipment finance loan, you need to know the basics. The US equipment finance market will reach $1.2 trillion by 2016. But, what is this market and how will it grow? It will be a competitive one, so it’s important to choose the right loan. If you’re interested in learning more about the equipment finance market, check out this report from Reportstack. We’ll cover the most important trends and drivers that will affect this market.
Equipment finance is a significant area of business for companies.
In the coming year, many companies will increase their equipment investments. However, most companies will rely on different types of finance to fund their purchases. While many small businesses will struggle to acquire equipment due to the current economic conditions, large companies can leverage economies of scale and make the most of these opportunities. Therefore, these large companies will see a greater demand for equipment.