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New business volume grew 10.5% in the equipment finance industry in 2019, according to the 2020 Survey of Equipment Finance Activity (SEFA). The rise in new business volume marked the 10th consecutive year that businesses increased their spending on capital equipment. While the report does not reveal the impact of the COVID-19 pandemic on the equipment finance industry — as it focuses on data from fiscal year 2019 — it provides insight into multiple aspects of the industry.
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