Did you know? Interesting Facts about Equipment Financing
**Did you know that by 2020, total investment in equipment and software is expected to reach $1.8 trillion, of which $1.24 trillion is projected to be financed.
**The top three reasons companies finance equipment acquisition over cash purchases were 1) optimization of cash flow, 2) protection from equipment obsolescence and 3) tax advantages.
**Alabama has the greatest growth increase of equipment financing at 9& compound annual growth rate, while South Dakota has the greatest decrease at -7.8%.
**As reported in the U.S. Equipment Finance Market Study: 2016-2017.