Most small and medium-sized businesses plan to invest in new equipment in 2025, but few intend to use leasing as a financing option, according to a March 19 report by asset finance insurance provider Acquis.
The survey of 500 small and medium-sized businesses (SMB) across multiple industries found that 85% plan to invest in new business equipment this year, Acquis Chief Revenue Officer Craig Ault stated in the report. However, only 27% expect to use leasing, while 41% intend to rely on credit cards, despite potentially higher interest rates. Thus, leasing providers may have an opportunity to better position their offerings as an alternative to high-interest financing, Ault stated.
Meanwhile, 65% of SMBs expressed optimism about their long-term future, while 20% voiced pessimism. Businesses that were more optimistic cited technology investments as their biggest growth opportunity, and those feeling pessimistic are focused on cost and pricing optimization.
Early Bird pricing for the third annual Equipment Finance Connect ends March 28. Taking place at the JW Marriott Nashville on May 14-15, 2025, this is the only event for both equipment dealers and finance providers. Learn more and register here.
