An early consequence of the COVID-19 pandemic was lessees and borrowers requesting payment deferrals on their equipment finance facilities to survive the economic downturn. As we approach the end of the first round of deferrals periods, many lessors are facing the potential need to provide a second round of payment deferrals to clients.

To gain insight from the equipment finance industry on what we should be expecting, Equipment Finance Advisor has released its most recent reLaunch Survey question:

What percentage of borrowers will need a second round of payment deferrals?

To take the survey, click here.

To see past survey results, click here.

Readers are encouraged to participate in EFA reLaunch Surveys to gain real-time insights into how commercial finance professionals view the challenges presented by the COVID-19 crisis. This survey engine provides a unique opportunity for equipment finance professionals to anonymously answer survey questions on a weekly basis and features instant survey results, allowing participants to gain insights into the collective view of their peers.