Finance & Lending


12 01 2014

Equipment Leasing and Financing Benefits Small Business Owners For Many Reasons

12 01 2014

Beyond Finances: Why Equipment Leasing Makes Sense

The financial benefits of an equipment lease are clear to small business owners across the nation. That’s why data indicates 85 percent of all companies lease equipment, and that 89 percent of these companies plan to do so again in the future.

In fact, 75 percent of all companies that lease equipment say leasing is their best means for financing equipment purchases.

The various types of equipment leases available provide business owners with a chance to acquire high-end equipment they might not otherwise be able to afford, not to mention the promise of special tax breaks down the line.

However, the advantages of equipment leasing go well beyond the monetary.

Asset maintenance

Buying equipment is one thing, but what about maintaining it? Leases give small business owners the option to structure their arrangement to include installation, maintenance and other necessary services.

Current technology

Even businesses that have the funds necessary to purchase equipment know they must constantly play catch up. If it seems like a new piece of updated equipment is released to the market every day, it’s because it’s not far from the truth.

Leasing is the ideal option to remain on the cutting edge of business equipment, making it easier to obtain state-of-the-art tools and machinery, whether it’s for a restaurant, medical practice, general office environment or anything in between.

Ease of use

Applying for a business loan from a bank can be a long, complicated process that involves reams of paperwork and lengthy wait times. On the other hand, leasing equipment instead of borrowing money to buy it gives business owners a simple, straightforward way to get what they need. Owners can also avoid requirements like compensating balances, large down payments, client list reviews and cash-flow projections.

Variety of options

Finally,equipment leases come in all shapes and sizes. This means small business owners can count on finding an option that suits their specific needs.

For example, one type of equipment lease is the Purchase Lease. This is a traditional lease agreement with low monthly payments that allows owners to purchase leased equipment at the end of the lease, renew the lease or return the equipment.

Meanwhile, with the Dollar Buy-Out Lease, you can purchase your equipment for just $1 at the end of the lease term. This typically means higher monthly payments, but it remains a great option for business owners who believe the equipment they’ve leased will not significantly decrease in value by the time their term ends.

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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.