New business volume (NBV) growth in the $1.3 trillion equipment finance industry increased by 6.8% in 2025, up from 3.1% in 2024, according to the 2026 Survey of Equipment Finance Activity (SEFA) released by the Equipment Leasing & Finance Association (ELFA). The growth rate was more than double the U.S. inflation rate in 2025, despite persistent economic pressures and uncertainty. The annual SEFA report provides the most comprehensive statistical and financial benchmarks available on the industry. Based on a comprehensive survey of nearly 100 equipment...