ELFA, also known as the Equipment Leasing and Finance Association, is an organization that, among other things, represents financing companies and manufacturers in the equipment finance business. ELFA, also known as the Equipment Leasing and Finance Association, is an organization that, among other things, represents financing companies and manufacturers in the equipment finance business.
The organization is especially responsible for the advocation of commercial leasing. It has members from small businesses to Fortune 100 companies. Companies from the non-profit sector are also members.
A large amount of information can be found on the ELFA web site. One of the most interesting, as well as useful, things on the are the helpful articles they provide. These articles provide the consumer with information regarding many important business issues. One can find information about the basics and benefits of equipment leasing; pros and cons regarding leasing vs. loans and specific leasing and financing options that are offered to consumers.
There is also a link on the ELFA website for events and training. There are various events members of the equipment leasing community can attend, as well as appropriate training. Additional links on the web site offer press releases.. This web site also houses statistical and analytical information on equipment finance. The Equipment Leasing and Finance Association is renowned for being the premier source for statistics and analyses regarding equipment leasing and finance.
According to ELFA, approximately 1 trillion dollars worth of equipment is purchased annually, by companies in the medical, aviation and computer industries. Approximately fifty-five percent is financed via leases or loans. Therefore, it is important to note that it serves as a liaison between the equipment finance community and the federal government. This is to ensure sound business principles in regards to equipment leasing and financing.
To become a member of the Equipment Leasing and Finance Association, you can create an account on the association’s website. The benefits of becoming a member are extensive. You can benefit from obtaining information about research in the industry. There are also many email forums to facilitate discussions that are related to the leasing industry in general. When you register to become a member of ELFA, you can participate in tax, legal, accounting and general discussion groups.