Finance & Lending

 

09 24 2014

09 24 2014

Owners Spotlight Financial Benefits of Small Businesses

Whether you’re researching funding options or the tax advantages of leasing equipment for your small business, chances are you don’t regret becoming your own boss.

According to a recent study conducted by Harris Poll on behalf of Bank of the West, the majority of small business owners don’t regret their decision to start from scratch. Seventy-three percent said it had improved their financial well-being, while 55 percent said it doesn’t even feel like a job.

Fifty-two percent said running a small business provides better financial peace of mind, while 41 percent enjoy being the boss.

As for what advice they’d give other small business owners just starting out, 31 percent of survey respondents said to separate personal finances from business. Meanwhile, 27 percent said to maintain healthy cash reserves, 22 percent said manage cash flow and 17 percent said create and stick to a budget.

Of course, the value of these tips applies throughout the lifecycle of any business, not just ones beginning their journeys.

That’s what makes it important to explore options regarding things like small business loans and merchant cash advance. These alternatives can give small businesses the funding they need to stay afloat during difficult times or simply expand operations through new employees, marketing efforts or equipment purchases. Regardless of how the money is used, having access to it can make all the difference.

Additionally, with equipment leasing services giving businesses a chance to get the tools they need without taking on high levels of debt to buy them, there are various ways for small business owners to maintain healthy cash reserves and better manage cash flow.

With a recent study from GOBankingRates showing that 66 percent of Americans are most concerned about money when it comes to fears, it’s easy to see how different cash and leasing options for businesses can be a huge relief.

Don’t go it alone

Survey results from Harris Poll showed 76 percent of small business owners said at some point their operation would have benefited from advice and consultation. In fact, one in three small business owners said they wish they would have sat down with an expert for help with things like marketing or financial advice.

Fortunately, it’s never too late for small business owners to reach out and work with experts regarding their needs. When it comes to necessities like loans, cash advances, equipment leasing and more, business owners of all experience levels would be wise to consider their options and speak with professionals in these fields.

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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 United States Government fight terrorism and money laundering, Federal law requires us to obtain, verify, and record information that identifies each person that opens an account. What this means for you: when you open an account, we will ask for your name, a street address, date of birth, and an identification number, such as a Social Security number, that Federal law requires us to obtain. We may also ask to see your driver's license or other identifying documents that will allow us to identify you.

 

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.