Business Trends


09 17 2013

09 17 2013

Gallup Finds Mixed Spending Results From Small Business Owners

With signs pointing toward a slowly improving economy, some small business owners may be increasing capital spending over the coming years. According to a recent Wells Fargo and Gallup poll, 26 percent of entrepreneurs say they anticipate an increase in spending, up from 20 percent at the end of 2012. Many of these small business owners will need outside funding to carry out these initiatives, such as a merchant cash advance for business or other financial options as spending becomes a priority.

The results of the survey show a consistent upward trend in spending, which is positive for the economy and the state of small business. Gallup reported that from 2003 to 2008, small business owners were more likely to respond they were going to increase spending. From 2008 on, those numbers dropped, reflecting the hardships of small business owners.

Struggling business owners

However, those struggles are far from over for some owners – 28 percent of respondents said they plan on decreasing spending on investments such as computers, machinery, facilities or other equipment. This number is down from 34 percent at the end of 2012, but still, outweighs those who intend to improve spending habits.

The report also focused on the spending habits of entrepreneurs over the last year. Results showed 25 percent of company owners increased spending during the past 12 months, while 31 percent said they decreased business spending during the same time period.

The decline in small business spending has been far from steady over the past several years – in mid-2009, the number of small business owners cutting spending hit its peak, with 51 percent of respondents saying they expected to reduce investments. Since 2009, this number has dropped and risen again – in 2011, 45 percent of respondents said they planned on cutting spending; later that year, 39 percent said the same, but by the end of 2011, 43 percent again reported they would be cutting spending. As spending dips and rises, entrepreneurs have had a tough time gaining stable footing.

The difficulties with these statistics lay in the future practices of small businesses. Companies that can afford to spend more capital on equipment and other long-term investments will likely gain an advantage over their less financially secure counterparts. Those who struggle with financing may soon find themselves falling behind competitors over the coming years. Meanwhile, getting a small business loan remains difficult for most as banks continue to impose tight restrictions on lending, leaving many entrepreneurs stuck between wanting to expand and stay competitive and not being able to do so.

Individuals who want to expand business but do not have the means to do so can come to National Funding for assistance. National Funding provides cash advances to help company owners make ends meet, as well as equipment financing to allow entrepreneurs to improve business practices and stay ahead of the competition.

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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.


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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.


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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.


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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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