Finance & Lending

 

07 29 2013

07 29 2013

The Small Business Benefits of Equipment Financing

Even when business is booming, it may be difficult for small business owners to find the cash flow necessary to invest in brand-new equipment. New business equipment, though, can be vital for success, and is an absolute must for some companies that are looking to stay competitive as markets only continue to get tougher. Equipment financing is a great choice for small businesses that are determined to succeed. Keep reading to find out the benefits of equipment leasing and financing:

Keeping cash on hand

Technology is constantly changing, which means companies have to make a concerted effort to stay current in a global marketplace. Investing in new equipment can be costly, though, which is why equipment leasing and financing is a sound option for small business owners.

When cash is tight, no one wants to spend huge sums of money on new equipment – one of the greatest benefits of equipment financing is the ability to keep cash on hand. Small business owners won’t have to dole out large sums all at once. Instead, they can approach an equipment leasing company like National Funding, and work on a plan to pay for the leased equipment over time. This allows small business owners to get the equipment they need without the hassle of huge upfront costs.

Quick results

Rather than having to save for months or years for new devices, equipment leasing gives small business owners the flexibility to get the equipment they need, as soon as they need it. An equipment leasing transaction can often take place quickly, increasing access to new technology.

If a vital piece of equipment breaks or an individual finds out the competition is using an upgraded version, a small business owner doesn’t have to wait around to find the funds to begin using the same equipment. Instead, the owner can look into financing options so business will thrive and stay ahead.

Flexibility

Equipment financing is popular over equipment purchasing for many reasons – it offers a way for companies to maintain cash flow, and it’s flexible. Any small business owner knows that having room to adapt is extremely valuable, and it’s no different with leasing. The leasing process opens up a world of possibilities for small business owners – they can choose from a wide range of equipment that fit within their budget, and develop a payment plan that best suits their needs.

This flexibility also means that when it’s time for another upgrade, a company will be able to accommodate this need. An owner can consider whether a short- or long-term lease is best, keep up with emerging technologies and know that if an unexpected cost comes up in another area of business, they’ll still have room to maneuver to meet the challenge.

Leasing also takes away the need to find an institution that will extend credit for the purchase, which means even struggling small business owners will be able to access equipment leasing programs.

If a small business owner is considering making some upgrades, they can come to National Funding for help. National Funding can help with leasing, heavy equipment financing, and more.

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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.