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Optimism Quotient

5 tips to help your company now


National Sales Manager Jim Heron shares 5 tips to help optimize your firm’s finances — from understanding federally funded initiatives to leveraging Wells Fargo’s full resources. The industry will keep seeing dynamic changes this year. Let your Wells Fargo banker help you navigate those tough decisions.

Findings from the nationwide survey of construction executives are in


According to the forecast, construction activity is expected to hold strong for the next year in spite of uncertainty commonly seen in election years.

The Optimism Quotient is the primary benchmark for measuring contractor and distributor sentiment for local nonresidential construction activity in the coming year. At 99, it indicates a year of cautious optimism.



More than numbers, hear the implications for the construction industry in 2020. You can scroll the side bar to find short video clips most relevant to Distributors or Contractors.

 

In 2019, the Optimism Quotient reached a highly optimistic score of 122. For 2020, the rating has landed at 99. Worth noting, the baseline for cautious optimism is 75 with anything above 100 considered highly optimistic.

Also, an OQ score of 99 is on par with past presidential election years. It shows caution ahead due to political and regulatory uncertainty.

Now cautiously optimistic at 99

Wells Fargo Equipment Finance

We provide businesses nationwide with competitive fixed- and floating-rate loans and leases that cover a full range of commercial equipment, floor planning, and inventory financing. We have industry financing specialists dedicated to construction, energy, commercial and specialty vehicles, marine, rail, aircraft, and vendor financing programs.

We offer a broad range of direct and vendor finance programs for equipment end-users, distributors, and manufacturers in the United States and Canada. Wells Fargo Equipment Finance is a leading bank-affiliated equipment leasing and finance provider in the U.S. and Canada, with more than $46 billion in assets under management, more than 300,000 customers, and 2,500 team members.1


Construction equipment financing

We have deep experience in the construction industry and offer tailored financing and leasing solutions. Our nationwide coverage allows us to connect our customers with the correct products to help meet their financial needs and WFEF offers complete, flexible financial solutions for the entire industry. With end-user leases and loans, dealer retail referral programs, dealer rental fleet and floorplan financing, and manufacturer subsidized retail and inventory programs, we have products suited to your particular needs.

To learn more, call 1-866-726-4714 or visit Wells Fargo Equipment Finance.


  1. Company data as of February 2020.