ELA Fact Sheet: Who is ELA?
Organized in 1961, the Equipment Leasing Association (ELA) is a non-profit association that represents companies involved in the dynamic equipment leasing and finance industry to the business community, government and media. ELA's diverse membership consists of independent leasing companies, banks, captives, financial services corporations, broker/packagers and investment banks, as well as service providers like accountants, consultants, equipment managers, executive recruiters, insurance companies, lawyers, publishers, and software providers. ELA promotes the leasing industry as a major source of funds for capital investment in the U.S and other countries. Headquartered in Arlington, VA, ELA is a national organization with more than 850 member companies and a staff of 25 professionals. In 2004, equipment leasing is estimated to be a $220 billion industry.
ELA is governed by a board of directors, elected from its membership. Committees work with association staff to initiate and implement ELA programs and services. Members donate their time, effort, and expertise on a voluntary basis.
ELA's member companies provide a wide variety of leasing and financing services to diverse industries in every part of the United States. ELA's members represent small- (transactions under $100,000), medium- (transactions between $100,000 and $2 million), and big-ticket (transactions above $2 million) companies that lease everything from computers to aircraft.
ELA provides its members with direct benefits and comprehensive services, assists in the resolution of industry issues, and promotes high standards of business practices within the industry. The association publishes various books and statistical materials in addition to the magazine Equipment Leasing Today. Members may take advantage of many educational programs such as industry seminars, executive roundtables, national conferences, fundamental workshops, and the ELA's annual convention.
ELA provides its members with valuable research on industry facts and statistics through studies such as quarterly Performance Indicator Reports, the Industry Future Council Report, and the State of the Industry Report.
ELA also maintains LeaseAssistant.org, an informational portal for financial decision-makers. Rich with information, the site contains practical information about the mechanics of equipment leasing and financing(the right information for making informed decisions about equipment leasing.
Donald Ethier, CAE
Vice President of Marketing & Communications