Bloomberg News

Survey of U.S. Equipment Leasing and Finance Companies

March 26, 2012

The monthly index of leasing and finance activity rose in Feb. to $5.0 billion in overall business volume, from $4.1 billion a year earlier. The credit approval ratio rose to 78.8 percent in Feb.

Following is a table compiled from data provided by the Equipment Leasing and Finance Association:

===========================================================================
                           Feb.   Jan.   Dec.   Nov.   Oct.  Sept.   Feb.
                           2012   2012   2011   2011   2011   2011   2011
===========================================================================
New Business Vol. US$b     $5.0   $5.1  $10.8   $6.2   $6.0   $7.1   $4.1
  % change                -2.0% -52.8%  74.2%   3.3% -15.5%  24.6%    n/a
Aging of receivables 30+   2.5%   1.9%   2.1%   2.0%   2.2%   2.3%   3.1%
Charge offs               0.50%  0.50%  0.70%  0.70%  0.70%  0.90%  1.00%
Credit approval ratio    78.80% 76.90% 79.30% 76.20% 76.30% 76.50% 75.90%
Employees                10,083 10,082 10,358 10,324 10,343 10,352 10,395
% of Firms w/YoY Fall   
in business               18.2%  23.3%  15.6%  22.6%  20.7%  15.6%  15.6%
===========================================================================

NOTE: The survey comes from 25 member companies: ADP Credit Corporation Bank of America Leasing Bank of the West Canon Financial Services Caterpillar Financial Services Corporation CIT Dell De Lage Landen Financial Services First American Equipment Finance GreatAmerica Leasing Corporation Hitachi Credit America HP Financial Services John Deere Credit Corporation Key Equipment Finance LaSalle National Leasing Corporation Marlin Leasing Corporation National City Commercial Corp. RBS Asset Finance Regions Equipment Finance Siemens Financial Services Susquehanna Tygris US Bancorp Leasing & Financial Verizon Capital Corp/Verizon Credit Volvo Financial Services Wells Fargo Equipment Finance

SOURCE: Equipment Leasing and Finance Association (ELFA)

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net


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