Essentials of Credit and Leasing

According to the Equipment Leasing and Finance Association, the U. S. equipment finance industry exceeds one trillion dollars, with nearly 80% of businesses using loans, leases or lines of credit to finance equipment and software purchases. Of the two trillion dollars in total value of purchases from American businesses, nonprofits and government agencies, an estimated 57. 3% is financed. The unsecured commercial lending market is large as well, estimated at $4. 3 trillion globally in 2021.