Equipment-finance confidence index continues monthly gains

08/21/2013

The Equipment Leasing & Finance Foundation's Monthly Confidence Index for the Equipment Finance Industry is at 61 this month, up 1.6 compared with July and the fourth consecutive increase. Pieces are in place for continued improvement in equipment-finance activity, says William Verhelle, CEO of First American Equipment Finance. "Large, creditworthy obligors continue to finance major equipment acquisitions to retain flexibility and preserve capital," Verhelle said. "Our portfolio performance couldn't be much better, with record-low charge-offs and delinquencies." Read more.

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