Trends

 

04 18 2014

04 18 2014

Spring Clears Way For Economic Growth

People around the country have grown accustomed to being shut ins over the winter as cold weather ravaged many regions, which had a dire effect on some sectors of the economy. But things are starting to thaw out, and the economy is set to improve, Bloomberg reported.

Increased retail sales and new car sales, paired with decreasing jobless claims, are sure signs that spring is having a positive effect on the economy and will continue to do so as it marches on. In fact, economists think the country’s economy and jobs will return to pre recession levels before there are any further warning signs of another economic crisis.

Sales increases

The U.S. Census Bureau announced on April 14 that March’s retail and foodservice sales increased 1.1 percent – exceeding economists’ expectations that they would only grow by 0.9 percent. The 1.1 percent growth is the largest month to month increase since September 2012.

Ten of 13 sales categories that are measured, from automobiles to apparel, increased. The gains don’t affect first quarter numbers, but they likely will have a significant effect in the second quarter.

There were 16.4 million new car sales in March, which is the most since June 2006. An automobile is a large purchase, and the increase in sales in March showed that many consumers were waiting out frigid temperatures and dangerous road conditions before they hit dealerships to buy a new car.

“It was very encouraging to see the momentum continue to build as the month progressed,” Erich Merkle, a U.S. sales analyst at Dearborn, Michigan based Ford, said in early April, according to Bloomberg. “Is there more out there? I guess we’ll see when the market comes to us in April.”

Employment increases

About 300,000 Americans filed for jobless claims in March – the lowest level since May 2007, the U.S. Labor Department announced on April 10. As more people are finding jobs, they likely also will use their new paychecks to make purchases – whether cars, food or furniture – and continue to further boost the country’s economy.

Small businesses seeking more working capital to cater to growing demand from consumers – whether they need to hire more employees or expand their physical operations – should look to nontraditional lenders like National Funding. Owners approved for small business loans from such lenders will enjoy more flexible terms in paying back the funds.

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, 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.