September 8, 2010
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Many Thanks to our 2010 National Conference Sponsors
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| INTRODUCTION |
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| Who we are …
Asset-based financing in Canada The Canadian Finance & Leasing Association (CFLA) represents the asset-based financing, equipment and vehicle leasing industry in Canada. With over $108 billion of financing in place with Canadian businesses and consumers, the asset-based financing industry is the largest provider of debt financing in this country after the traditional lenders (banks and credit unions). As at December 31, 2008, the industry’s portfolio of assets financed was estimated to be worth $108.3 billion: $42.3 billion of equipment financing, $11.5 billion of business vehicle fleet financing, and $54.4 consumer vehicle financing. Facilitating business investment in new machinery, equipment and vehicles enhances national productivity and lifts the living standards of all Canadians. The asset-based financing industry was directly responsible for raising living standards by 2.3% between 1992 and 2002 (or about 8% of the total increase in living standards over that decade). CFLA members are key partners with Canadian businesses and consumers. Asset-based financing touches virtually every business and consumer in Canada. For more information about the asset-based financing industry and its members, click on the following links: Asset-based financing expands the pool of capital and credit Industry profile Asset-based financing raises Canadian living standards Association profile |
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