eOriginal Inc. Sponsors the Equipment Leasing & Finance Foundation's 2009 State of the Equipment Finance Industry Report

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eOriginal Inc., a leader in electronic signature, evaulting and electronic transaction solutions, is proud to announce its sponsorship of the Equipment Leasing & Finance Foundation's recently released 2009 State of the Equipment Finance Industry Report, a comprehensive study identifying current industry trends and short term outlook for the U.S. Equipment Finance industry.

eOriginal Inc., a leader in electronic signature, evaulting and electronic transaction solutions, is proud to announce its sponsorship of the Equipment Leasing & Finance Foundation's recently released 2009 State of the Equipment Finance Industry Report, a comprehensive study identifying current industry trends and short term outlook for the U.S. Equipment Finance industry.

The study was developed using key insights gathered from conversations with equipment finance executives responding to questions on the current economic environment, credit conditions, regulatory issues, industry trends, and asset management while also combining information collected from various databases

Key Findings Included:

  •     Capital is limited; only firms with the highest credit ratings are eligible for the Federal reserve's Term Asset Backed Securities Loan Facility (TALF)
  •     Due to limited credit, banks are in the strongest position, while independent firms run the highest risk of being driven out of the industry leading to increased consolidation within the industry
  •     2009 Survey of Industry Activity respondents reported the strongest activity in large-ticket leasing.
  •     Charge-offs and delinquencies are up significantly from 2007 levels. While credit quality has continued to deteriorate in 2008 and through the first half of 2009.

However, positive signs are showing for the second half of 2009. Stabilization in the economy is pointing towards business investments stabilizing within the equipment leasing industry. Respondents reported an optimistic outlook about returning to growth in the first half of 2010 and are confident that the fundamental offering of secured lending and equipment leasing will continue to be key vehicles for businesses to acquire new equipment.

About The Equipment Leasing & Finance Foundation:
The Equipment Leasing & Finance Foundation, established in 1989 by the Equipment Leasing Association, is dedicated to providing future-oriented, in-depth, independent research about and for the equipment finance industry. Information involving the markets, the future of the industry and the methods of successful organizations are researched to provide studies that include invaluable information for developing strategic direction within your organization.

About eOriginal:
eOriginal provides advanced electronic signature, vaulting and electronic transaction solutions which are tamper-sealed, auditable and legally enforceable. eOriginal SmartSign® enables compliance with the eSignature requirements of the ESIGN Act, UETA and the UCC. eOriginal has provided secure, verifiable execution, delivery and management of commercial loans, leases and other financial industry documentation for over a decade. eOriginal customers, including top-tier financial institutions, have processed millions electronic signatures on documents without a single system error or legal challenge.

Contact:
John Jacobs, Account Executive
eOriginal, Inc.
410-895-7699
Twitter: @eOriginal

Pattie Newton-Pupo, Media Relations
eOriginal, Inc.
410-625-5146

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Pattie Newton-Pupo
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