Executives might be reluctant to invest in equipment because they believe three myths about equipment finance, writes Eric Dusch, GE Capital's chief commercial officer for equipment finance. They might think that only certain assets are appropriate for leasing, that leasing can reduce flexibility or that leasing is too expensive. Dusch argues that these ideas are not true and that holding back on equipment investment can hurt a company's productivity and growth.
Confidence in the equipment-finance market dropped slightly between February and March. The Equipment Leasing & Finance Foundation's index reached 58 last month, compared with 58.7 in February. Nearly 22% of industry professionals surveyed think business will improve in the next four months, up from 20% in February.
Confidence in the equipment-finance market has dropped to a reading of 58 this month, down from February's 58.7, according to an index by the Equipment Leasing & Finance Foundation. The result indicates a stabilization of optimism, after the index rose for two straight months, analysts say.
Regulators are increasing pressure on small banks to get technology and emergency plans in place in case of disaster, experts say. Disaster-recovery testing at small banks increased 67% last year, according to IT-Lifeline, which provides such services.
Confidence in the equipment-finance industry increased slightly this month, according to an index by the Equipment Leasing & Finance Foundation. The monthly index reached 62.1 in April, up from March's 61.7. This is the fourth straight month of increase. Thomas Jaschik, president of BB&T Equipment Finance, said still-cautious consumers made respondents cautious as well.