Finance & Lending


04 29 2014

04 29 2014

Equipment Leasing and Finance Sector Confidence Levels Remain High

Confidence in the equipment leasing and financing industry remains high, a new report has found. According to the Equipment Leasing and Finance Association’s (ELFA) Monthly Confidence Index for the Equipment Finance Industry, confidence in the equipment finance sector has held steady at 65.1 for the second month in a row, marking its highest level in two years.

Those in the industry remain confident in the market and the overall state of their businesses, the survey found. When asked to gauge the future of their businesses for the next four months, 37 percent of company decision makers said they think business conditions will improve, up from 31.4 percent of respondents who said the same in March. Approximately 60 percent of respondents said they believe conditions will remain the same over the next four months, a drop from 65.7 percent who replied similarly the month prior. Just 2.9 percent of participants said they predict business conditions will worsen, a figure unchanged from the month before.

Survey participant Thomas Jaschik said his outlook for the future is positive.

“The first quarter of 2014 had positive results with respect to new business activity, and the economy is on a positive trajectory,” Jaschik said. “The conclusion of the winter of 2013-2014 may be the catalyst for pent up demand to begin to be released.  This will have a positive impact on the equipment finance market throughout 2014.”

Survey participants expect demand for leases and loans will increase

The MCI found survey respondents are largely optimistic about the state of the equipment leasing and financing industry. Around 37 percent of respondents said they believe demand for leases and loans will increase over the next four months, up from 31.4 percent who responded similarly in March. Sixty percent said they believe demand will “remain the same” and 2.9 percent said they believe it will decline during that period, down from 5.7 percent who said the same in March.

As demand for leases and loans increases, business owners may want to explore their equipment leasing options through lenders like National Funding. Whether company owners are looking for top of the line technology to stay ahead of competitors or heavy machinery to tackle everyday business challenges, National Funding provides solutions to common small business challenges. Instead of investing up front in technology that will be replaced with a newer model in six months, individuals can explore their leasing options instead so they can test drive equipment before making a commitment.


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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.