03 19 2013

03 19 2013

Mobile Technology Growing Among Small Businesses

The digital revolution is in full swing, especially in regard to mobile technology. While the rise of smartphones and tablets has typically been praised for enabling consumers to do better product research and buy online, mobile technology is becoming a necessary business solution in day-to-day operations, so much so that a recent survey found nearly every single responding small business owner said they used mobile in some capacity throughout their day. Technological solutions have become standard in business life, and entrepreneurs with limited funds who need to acquire such technology to keep pace with the competition can consider a small business equipment lease as a viable means to procurement.

4G more common among SMBs

In AT&T’s recent 2013 Small Business Technology Poll, 98 percent of the 1,000 surveyed small businesses reported they used wireless technology to run their operations. The survey also found small businesses were using increasingly high-tech solutions, as 56 percent of those with a smartphone used a 4G-enabled device, a major jump from the 33 percent who said the same in a similar survey last year.

Small to medium-sized businesses (SMBs) were found to be increasingly reliant on their 4G phones. Ninety percent said they were satisfied by their smartphone’s speed and 66 percent believed they likely could not survive without the technology.

“For small businesses today, wireless solutions have become part of their DNA,” said Cathy Martine, executive vice president of Small Business Solutions at AT&T.

Tablet use on the rise

Small businesses weren’t just focused on utilizing smartphone capabilities in business operations; they also upped their use of tablets, another crucial emerging mobile technology. Sixty-nine percent of respondents said they have a tablet, with newly established businesses more likely to use the technology. Eighty percent of firms less than two years old used tablets, compared to 69 percent of those in business for more than two years.

SMBs were also found to use more mobile apps than before, with 47 percent saying they could not – or would find it difficult to – survive without using apps. Respondents said saved time, greater productivity, and reduced costs were among the top reasons they used popular apps like GPS navigation (which 74 percent of respondents used), location-based service (43 percent), document management (35 percent), and social media marketing (32 percent).

Technology can be a tricky game for entrepreneurs. Buy the wrong technology, and it will quickly become obsolete. In order to keep up with modern trends, small businesses can consult with National Funding on a small business equipment lease.

 

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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, 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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