Finance & Lending

 

05 09 2014

05 09 2014

3 Ways Equipment Leasing Options Help Businesses Succeed

It seems like every few months, a new, high tech device is released that’s designed to make life and business easier than ever, and as each edition comes out, business owners everywhere find themselves placing orders as they try to keep up with the competition. Not every entrepreneur can afford this easily, however – business equipment can be costly, especially for those who are struggling to make ends meet. Instead, company leaders can explore their equipment leasing options through lenders like National Funding. Here’s why:

1. Equipment leasing keeps companies ahead of the curve

In today’s fast paced business world, it’s essential that entrepreneurs keep up with business trends, including new product releases and equipment options. However, spending hundreds or even thousands of dollars up front simply isn’t an option for many organizations.

Equipment leasing, however, allows decision makers to get their hands on the latest products without breaking the bank. These products may range from tablets and computers to heavy machinery that helps companies run smoothly each day. New equipment allows business owners to not only operate more efficiently, but also keeps business owners one step ahead of the competition.

2. It’s cost effective

Technology and equipment are expensive, especially in the first months and years after they’ve been released. Unfortunately for many business owners, buying new models each year is simply not possible due to budget constraints.

Equipment leasing and financing options, on the other hand, give owners the freedom to invest in new technology without taking on the burden of a large up front payment. When a new product is released, business owners need only to turn to lenders who offer high tech equipment. These decision makers can then arrange a payment plan so they can afford to stay up to date without straining their budgets.

3. Flexible terms are available

Perhaps six months into a lease, a business owner decides they would like to invest fully and buy the piece of business equipment that has worked out so well for them. Flexible terms from companies like National Funding allow business owners to do just that, granting them the freedom to decide on their own if a product is really right for them.

In that same vein, if a business owner is nearing the end of their lease term, they can also choose to opt out of a purchase, choosing instead to make the next equipment upgrade or to pass on the product altogether.

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Terms & Conditions

General Acceptance

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.

 

For Loan/Merchant Services:

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.

 

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, 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.

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121.  Funding amount and credit approval is subject to a full credit profile review.