The Canadian Finance & Leasing Association (CFLA) represents the asset-based financing, equipment and vehicle leasing industry in Canada. With over $106.6 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).
Facilitating business investment in new machinery, equipment and vehicles enhances national productivity and living standards. The asset-based financing industry was directly responsible for raising the living standards of Canadians by 2.3% between 1992 and 2002 (or about 8% of the total increase in living standards over that decade).
CFLA's more than 250 members range from large multinationals to national and smaller regional domestic companies, crossing the financial services spectrum from manufacturers' finance companies and independent leasing companies, to banks, insurance companies, and suppliers to the industry. The customers of this industry are Canadian small, medium and large businesses as well as consumers.
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