10 08 2014

10 08 2014

Business Executives Predicting Strengthening US Economy

With optimism steadily returning to the U.S. economy, now may be the time for owners to consider expanding their operations with small business equipment leasing.

A recent survey from Deloitte found the vast majority of executives (87.8 percent) believe the U.S. economy will continue to grow in 2015.

“I typically work with companies during times of change – during crises and growth,” Deloitte Financial Advisory Services CEO David Williams said in a media release. “Whether they’re looking to emerge from a regulatory or litigation challenge or they’re poising themselves for transactions, the executives I know are optimistic and moving ahead with confidence right now. We’re seeing big growth in sales and earnings, while improvements are made in hiring, in most sectors. Things aren’t perfect, but I’m bullish on the state of the U.S. economy in 2015.”

One reason why corporate executives may be feeling more confident in the economy is the steady growth in income among Americans, which in turn is translating to increased spending. The U.S. Department of Commerce’s Bureau of Economic Analysis reported personal income rose 0.3 percent month over month during August, reaching $47.3 billion. Meanwhile, personal consumption expenditures rose 0.5 percent during the same time period, increasing to $57.5 billion.

This activity has helped households across the country take a more optimistic view of their financial situation. According to Absolute Strategy Research’s “Survey of U.S. Household Finances: August 2014,” there was a 14 percent decline in the number of people who are worried about their finances – the best result seen in the 11 studies the organization has conducted.

“Over the past 12 months, more people now feel ‘better off’ than ‘worse off’ – the first time we have seen that since the survey began, while a net 24 percent think that their financial situation will improve over the coming 12 months – the best result recorded since January 2010,” the ASR report stated.

With both high-level executives and everyday citizens feeling more optimistic about the financial future, many small business owners will likely be wondering what steps they can take to capitalize on increasing confidence.

Getting the tools you need at the right price

Expanding business operations to achieve better positioning in a stronger market is smart strategy, but obtaining the equipment necessary can be easier said than done. Buying new equipment can be an expensive process, and leave small businesses with depleted cash reserves.

This is why many small business owners take advantage of different types of equipment leasing, allowing them to get the tools they need for expansion without sacrificing the safety net of strong cash reserves. Together with the tax benefits of leasing, it’s unsurprising that many owners have made this method part of their overall business strategy.

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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, 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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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.