Finance & Lending

 

10 01 2013

10 01 2013

5 Reasons To Invest In Equipment Leasing

Equipment financing is one of the best ways to expand a business. When leasing or financing from a reputable source, new and used equipment can be both affordable and reliable. In uncertain economic times, often the last thing a business owner can afford is expensive new equipment that will have to be replaced in a few years. This is why equipment leasing options are great for small business owners. Keep reading to find five reasons why equipment financing is a great choice for any entrepreneur.

1. Save money

Perhaps the top reason entrepreneurs invest in equipment leasing services is because it saves money, and as any small business owner knows, it’s often difficult to find room in a budget for equipment expenditures among other expenses.

Rather than individually buying new equipment in full, which can be expensive and inefficient, leasing allows a company to use up-to-date technology and equipment without paying for it all at once and risking the health of cash flow.

2. Upgrade with ease

With technology changing so rapidly, it seems once a small business owner updates their current systems, they’re out of date again a year later. Because an entrepreneur doesn’t have to fully invest in new technology when leasing, they can upgrade to better technology and equipment as soon as it becomes available, making it efficient to keep up with the competition. Sometimes, the difference between success and inefficiency comes with reliable and modern equipment, making leasing a smart choice for any business.

3. Test out technology

If a small business owner isn’t sure if a piece of equipment is right for their company, leasing and financing are great options. Short-term leases let organizations test out new technology without spending a fortune.

Instead of paying huge sums for equipment without knowing if they’ll work out for years down the road, leasing lets owners figure out what is just right for their business without fully committing to anything they may not need.

4. Tax deductible

When tax season rolls around, small business owners will be happy they decided to opt for leasing heavy equipment or technology. By using these services, entrepreneurs set themselves up to benefit from potential tax breaks, including Section 179, which can add up to significant savings over the course of the lease. These and other business expenses can be written off each year – taking advantage of these benefits can help drive a company forward.

5. No hassles

Banks have tightened lending standards over the last several years, making getting a small business loan difficult for even the most qualified candidates. Leasing options are more flexible and make the process of obtaining new equipment fast and easy.

Staying on top of business trends can be a job in and of itself, and getting left behind can damage a company. New equipment can ensure the safe future of a company.

If an entrepreneur is interested in expanding their business, they can come to National Funding for help. National Funding offers a variety of equipment leasing and financing services, making it easier to steer a business in the right direction.

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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.

 

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.

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