Demand continues to be strong. During the week of the 15th, Dominion held four prospect meetings, all of which were followed by targeted examples and supplemental information demonstrating how LeaseComplete can address the prospects' operational and business requirements.
Equipment finance demand remains strong despite a modest decline in overall new business volume. Total new business volume (NBV) reached $10.6 billion in April, representing a 1.1% decrease from the previous month. The total new volume series measures new activity generated by banks, independents, and captives each month. Although overall volume declined for a third consecutive month, April activity remained above the $10.3 billion average monthly pace recorded during the second half of last year. Equipment demand continues to track toward a record-setting year in 2026.
Small-ticket financing, a key indicator of broader economic conditions and aggregate equipment demand, showed significant strength. Small-ticket deal volume increased by $3.6 billion, or 8.7%, compared to March. Year-to-date activity in this segment is up 39.8% versus the same period in 2025.
Institutional activity also remained robust. Bank-originated volume increased by $5.4 billion, marking one of the strongest monthly gains on record. Activity among captive finance companies and independent finance firms also grew, increasing 5.3% and 5.9%, respectively.
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