The Equipment Leasing & Finance Foundation (the Foundation) releases the February 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 64.4, an increase from the January index of 59.6.
When asked about the outlook for the future, MCI-EFI survey respondent Brad Peterson, CEO, Channel Partners Capital, says, “Although we believe the 2021 PPP program will suppress capital needs for a short period of time among SMBs, we're expecting a positive rebound from a year’s worth of pent-up pandemic demand. Our post-pandemic portfolio looks fantastic and we expect the strong performance to continue through 2022. We believe this is the time to invest in SMB marketplace opportunities.”
When asked to assess their business conditions over the next four months, 46.2% of executives responding say they believe business conditions will improve over the next four months, up from 33.3% in January. 46.2% believe business conditions will remain the same over the next four months, a decrease from 59.3% the previous month. 7.7% believe business conditions will worsen, a slight increase from 7.4% in January.
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