Trends

 

02 04 2014

02 04 2014

Confidence on the Rise for Equipment Leasing Industry

As the U.S. economy continues to slowly make gains, confidence in the equipment leasing and financing industry has reached a level not seen in more than two years. The Equipment Leasing & Finance Foundation recently released results from the January 2014 Monthly Confidence Index for the Equipment Finance Industry and found industry leaders are optimistic for what’s to come this year. According to the report, overall confidence in the equipment financing sector has increased to an index reading of 64.9, up from 55.8 in December and reflecting the highest levels of optimism since 2012.

The index, which is measured by gathering responses from 50 decision-makers in the equipment financing sector, showed that executives anticipate further upticks in leasing rates. Approximately 36 percent of survey participants said they expect demand for capital expenditure leases and loans to increase during first quarter 2014, up from 15.2 percent of respondents who said the same in December.

Furthermore, executives expressed a positive outlook for the economy in general – 41.7 percent of respondents said they believe national economic conditions will improve over the next six months, significantly higher than the 24.2 percent of respondents who responded similarly last month. Approximately 55 percent of participants said they expect the state of the economy to remain the same throughout the same time period, while 2.6 percent said they expect economic conditions to decline.

Perhaps most significantly, executives anticipate their own business conditions will improve – 33 percent said they expect to see gains over the next four months, up from 12 percent in December.

Equipment financing and leasing options have become increasingly popular for small-business owners, particularly as entrepreneurs continue to face uncertain economic times. Rather than spending large lump sums on new equipment, small-business owners can try leasing from companies like National Funding. Leasing offers the flexibility to test out new technology before making large-scale financial commitments, allowing individuals to make well-informed decisions.

Find Out How Much Funding You Qualify For

Fields marked with an * are required
By clicking this button I agree to all terms and conditions.

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.