Finance & Lending

 

09 25 2013

09 25 2013

3 Reasons To Lease Business Equipment

Equipment financing and leasing has gained in popularity for many small business owners, and for good reason. Equipment leasing options are flexible and affordable, and allow entrepreneurs to expand their business without fully committing to the large upfront costs of new technology or heavy equipment. Some small business owners, however, are missing out on these business opportunities, largely due to a lack of knowledge about the benefits of equipment leasing options. Here are three reasons to consider equipment leasing for small business operations:

1. Quickly expand business

When a company finds themselves in need of expansion – a great achievement for any small business – it may be difficult to find the capital to invest in equipment to carry this out. If a business finds it would be wise to open a second location, or increase the rate of production, equipment leasing is a great option.

Businesses can quickly sign leases to use new technology or heavy equipment, which means entrepreneurs won’t have to save up huge sums of money before expanding business. Soon after signing a lease, a small business owner will have equipment in place, making it easy to quickly expand business.

2. Keep up with the competition

As the economy returns to fortitude, business is getting more competitive than ever, especially for entrepreneurs. As small business owners have to compete with large businesses and getting a small business loan from big banks is still tough, it can be hard for small companies to stay on top of business trends.

Equipment leasing and financing can help entrepreneurs keep up with the competition – by bringing in technology and equipment, small business owners can maintain an edge over the competition and stay relevant in a constantly evolving field. Sometimes the difference between business success and losing out to the competition can be staying on top of trends and having access to the best equipment possible.

3. Take equipment for a test drive

Sometimes it’s hard to determine whether a new and expensive piece of equipment will be perfect for a business in the long run. For companies that are wary of investing thousands of dollars into technology that may soon be outdated or prove to be just shy of perfect for business operations, equipment leasing is ideal.

A small business owner can lease a piece of equipment without fully financially committing to it. Instead, entrepreneurs can think of equipment leasing and financing as a way to test drive new equipment without tying themselves to an investment. When a piece of technology is replaced by a new model, business owners can update their leases and trade in equipment so they always have state-of-the-art equipment at their fingertips.

If a small business owner is considering expanding operations or needs to stay competitive with other companies, they can come to National Funding for assistance. The professionals at National Funding can provide small business owners with equipment leasing and financing options, saving companies time, money and energy.

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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.

 

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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, 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.

 

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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, 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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