Trends

 

01 06 2014

01 06 2014

2014: The Year of Small Business

The Wall Street Journal is calling 2014 a breakout year for small businesses. Businesses are anticipating more sales and more growth this year as the economy continues to improve and as rules for how to raise money from investors will begin to loosen. Dane Stangler, head of research at the Ewing Marion Kauffman Foundation, told the newspaper despite present uncertainty, better times are coming.

“There’s no doubt we’re still in a hangover from the financial crisis,” Stangler said. “But things look good in the short term.”

Additionally, the National Federation of Independent Business (NFIB) conducted a survey of small businesses and they found that as a whole, small business owners plan to expand in the new year. However, optimism has only risen in November from the October numbers by 0.9 points to 92.5. Owners cited concerns about capital outlays. After hitting a low of 45 points in 2012, capital outlays rose to the mid-fifties and have been hovering there since that time. However, credit for small businesses improved or stayed the same.

The survey conducted by the NFIB was done in November, which was before the Fed announced its decision to begin tapering in January.

The Wall Street Journal cites some positive statistics to cut through a little of the gloom. Overall, the economy is improving. It expanded by 4.1 percent in the third quarter. Also, November unemployment was at its lowest levels in five years. The Wall Street Journal surveyed 937 small business owners in December and found 52 percent saw an improvement in the economy, and 38 percent felt that the economy would be even better in 2014. Finally, 75 percent of those surveyed expected better sales in 2014.

2014 might be the best year in recent time to begin expanding. It could be time to get a business cash advance. National Funding can help your business grow, whether with a cash advance, business equipment financing, or equipment leasing.

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Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

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The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.

 

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