Growth & Success


11 07 2013

11 07 2013

Small Businesses Looking To Invest and Expand

Owners of small businesses are making growth a priority, according to the Fall 2013 American Express OPEN Small Business Monitor. Of the 1,038 businesses with fewer than 100 employees surveyed, 52 percent said they are looking to expand, up from 44 percent in the spring. Thirty-two percent of entrepreneurs said growth is a top priority.

Additionally, 54 percent of owners will seek to expand their businesses by making capital investments – that’s up from 49 percent last year. Furthermore, 35 percent said they are planning to hire, which is a 6 percentage point increase from last year.

In general, business owners are more optimistic about the economy. Only 25 percent feel that current conditions reflect a recession, which is down from 30 percent in the spring and 36 percent last year. Fifty-six percent were optimistic about business prospects during the next six months. The results are consistent with Capital One’s Spark Small Business Barometer, which found a majority of owners are optimistic about the next 12 months.

More reliance on social media

Use of social media services like Facebook, Twitter and Yelp are increasingly utilized by small businesses. Although only 50 percent of respondents indicated that they use social media, the tools are being applied more extensively.

Of the owners who utilize social media for businesses, 72 percent said they use it to attract new customers, which is up from 57 percent last fall. Furthermore, 59 percent said they use the tools to drive sales, up from 46 percent a year ago.

But use of social media is not limited to boosting customer bases and conducting business. Many use applications to develop personal connections with consumers. Fifty-five percent of owners said they create dialogues with customers over their social media websites and 36 percent said they create communities where customers can talk to each other. Both are significant increases from last year – 24 percentage points and 11 percentage points, respectively.

Making investments

Many of the owners who hope to make capital investments will be in need of financing. With the tightening of banks and delays in federal lending, some might consider this a difficult step. A small business lender, however, offers fast approval and minimal paperwork. The experts at National Funding can supply financing in as little as 24 hours. Small business owners should explore their financing options to find out which is right for them.

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.