05 29 2015

Consumer Confidence and Spending Increasing

05 29 2015

Consumer Confidence, Spending On The Rise

Considering a working capital loan for business expansion? Based on recent data showing increased economic confidence, now may be the right time to follow through.

Results from Harris Poll show that a rising number of Americans are feeling positive regarding the economy, with gains seen at the national, regional and household level.

“This month, a third (32 percent) of U.S. adults expect the economy to improve in the coming year, while 47 percent expect that it will remain the same and roughly two in ten (21 percent) expect it to get worse,” the polling service stated in a media release. “Expectations that it will improve have grown since last month (when 28 percent were expecting improvement), as well as in comparison to January of 2014 (when 26 percent indicated the same).”

Americans are also feeling confident about their personal finances. Fifty-three percent of Americans expect their household financial conditions to remain the same over the next six months, while 27 percent expect them to improve.

The survey results from Harris Poll were echoed by the most recent Thomson Reuters/University of Michigan consumer sentiment index. Data showed consumer sentiment reached its highest level in 11 years during January thanks to improved job and wage prospects, according to Reuters.

“Consumers judged prospects for the national economy as the best in a decade, with half of all consumers expecting the economic expansion will continue for another five years,” Richard Curtin, the survey’s director, was quoted as saying.

Curtin went on to say that “renewed strength in consumer spending” will lead to further economic growth throughout 2015.

Americans spending more

Confidence is one thing, but U.S. small businesses can’t flourish without consumers putting their money where their mouths are. Fortunately, U.S. consumers are showing significant growth in spending habits.

Bloomberg Business reported during the fourth quarter of 2014, personal consumption expenditures increased by 4.3 percent – the fastest pace since 2006. This could be attributed at least in part to increases in wages.

The U.S. Bureau of Labor Statistics reported compensation costs for civilian workers rose 0.6 percent during the 3-month period ending Dec. 2014.

“The level of consumer sentiment supports our view that consumer spending will kick the year off on a robust foot after the drop in energy prices left consumers’ wallets full,” Bricklin Dwyer, an economist at BNP Paribas in New York, told Reuters.

Making the most of a strengthening economy

With both macro and micro economic factors improving, now might be the ideal time for business owners to take stock of their current plans and determine if they should take things to the next level.

A small business loan from National Funding can be used for expansion efforts, including everything from increasing inventory to advertising.

Meanwhile, small businesses that accept credit cards could also benefit from a merchant cash advance. By utilizing this form of borrowing, business owners receive cash in exchange for a fixed dollar amount of future credit card sales, making it even easier to obtain needed funding and ensure repayment goes as smoothly as possible.

Additionally, different types of equipment leases could be the ideal way to help small businesses expand while keeping costs low. Small businesses operating in virtually any industry can secure the equipment they need without the often exorbitant costs of buying outright.

No matter the needs of small business owners, one thing is clear: Economic improvement is creating an environment well-suited to increased sales. Whether it’s hiring new staff or doubling down on marketing efforts, owners have more options at their disposal than ever before for how to accomplish their objectives.

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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, 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.


Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

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.