The claim
“ELFA represents the $1.3 trillion US equipment finance industry.”
ELFA's standard description of itself in its releases.
Our verdict
True
ELFA describes itself as the trade body for the $1.3 trillion US equipment finance industry.
What we found
ELFA's 2026 materials use the $1.3 trillion figure, based on its foundation's market estimates; older pages used about $1 trillion. This is the association's own estimate, accurately quoted.
The evidence
- Supports the claim
ELFA is the leading trade association for the $1.3 trillion US equipment finance industry. [1]
How we checked
We checked the claim against ELFA. We reviewed 1 relevant source.
Sources
- [1]ELFA · 2026 Board Chair Deb Baker speaks on the value of joining
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