Trends

 

01 08 2015

Small Business Expectations are HIgh in 2015

01 08 2015

Small Business Owners Confident Heading Into 2015

The U.S. economy and consumers ended 2014 on a rather high note compared to other postrecession years. GDP growth far surpassed expectations and global performances, while low oil and gas costs boosted confidence among both shoppers and business owners.

The elevated sentiment is spreading through small business as well. As they ended the holiday season, owners responded to numerous indicators and surveys that illustrate there’s a lot of confidence in small business heading into 2015.

Expecting more sales

Small business owner confidence reached its highest measure in some two and a half years at the end of 2014, according to the December reading of The Wall Street Journal and Vistage’s monthly survey. The index was 115 in December, a year-over-year bump from 108.4 and a number that is near the highest recorded level in the survey’s two and a half year history.

When asked about 2015 forecasts, 79 percent said they expect sales to increase, 61 anticipate improved profitability and 63 foresee expanded payrolls.

CBS 2 Chicago spoke to area small business owners in a story on the WSJ/Vistage survey and found the data translated to actual sentiment.

“I am very optimistic. There are a lot of amazing things happening,” Chris Mantz, an eyewear business owner, told the station. “We’re actually hiring across all different departments right now.”

The December edition of the National Federation of Independent Business also found increased optimism at the close of the year. The index reached 98.1 on the back of a two-point month-over-month jump, and now hovers around the prerecession average and the highest it’s been since February 2007. Bill Dunkelberg, NFIB chief economist, added expectations for business increased “a huge” 16 percent and expectations for sales versus volume rose 5 percent.

Owners expected to make investments, pursue equipment leasing

An expected strengthening of business and economic conditions has owners preparing to make the most of expansion and more money flowing. The WSJ/Vistage survey found half of respondents expect higher investment volumes.

As business owners pursue equipment or funds for expansion and operations, the equipment leasing industry’s confidence grows as well. The Equipment Leasing and Financing Association’s (ELFA) December confidence index reading of 63.4 was a steady hold from November and indicated stakeholders were relatively optimistic about 2015.

“Lower energy costs will benefit consumers and small businesses,” one executive told the survey. “These are the segments of the economy that [have] been lagging compared to historical recoveries. I believe stronger spending will lift corporate revenues and, in reaction, business investment.”

Find Out How Much Funding You Qualify For

Fields marked with an * are required
By clicking this button I agree to all terms and conditions.

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.