Moving forward, the Equipment Leasing & Finance Foundation recently reported that the overall confidence in the equipment finance market for July was 56.2, an increase of 6.8 percent from the June index of 52.6.
In looking at the outlook for the coming months, survey respondent Paul Menzel, president and CEO, Financial Pacific Leasing, noted, "We continue to wait for the micro and small business segment of the economy to pick up. Consumers continue to lack confidence in the economy and are debt averse and/or de-leveraging their balance sheets. The political gridlock on the deficit is a threat to this already fragile recovery."
While many small businesses continue to put a hold on extra expenditures, others are deciding that now is the time to move forward with equipment financing operations; do your homework, shop around and finance the best deal for you and your small business.