Small-Ticket Equipment Finance Processing Costs Rise to $2,729 per Transaction in 2025
According to the ELFA's 2026 Survey of Equipment Finance Activity analyzed by QuickFi, processing costs for small-ticket equipment finance transactions increased significantly in 2025. The average cost rose from $2,407 in 2024 to $2,729 per booked lease or loan, a jump of over $300 and an increase of about 14%. This rise occurred alongside a roughly 7% decline in the number of small-ticket transactions. The higher costs are attributed primarily to increased sales, general, and administrative expenses rather than staffing or technology issues. Bill Verhelle, CEO of QuickFi, noted that traditional operating models—where employees handle every application—are inefficient compared to embedded lending technologies like those offered by his company. These newer systems can reduce per-transaction costs significantly. ELFA data is used for industry benchmarking and does not reflect an endorsement from the association.
Topics: equipment finance lending costs operational efficiency