04 09 2015

Stay Current with Tech Trends

04 09 2015

Stay Up To Date With Technology Trends

Securing enough working capital isn’t the only business factor you need to keep in mind as a small business owner.

Technology has made it easier than ever for independent businesses to keep pace with larger corporations, but only if owners remain up to date with the tools at their disposal.

How to stay current

Unsurprisingly, technology offers the best way to stay abreast of technology trends.

From blogs and discussion boards to YouTube videos and podcasts focused on your industry, there’s no shortage of ways to hear the latest tech news that may impact your business.

However, some more traditional, tried-and-true methods shouldn’t be forgotten either. For instance, if you operate in an industry that has magazines or newsletters devoted to it, there’s no harm in signing up to receive them. You may find some industry-specific news that flew under the radar in the more general world of business technology.

Of course, knowing about the latest and greatest business technology on the market won’t do much good if you can’t implement it at your own small business. The simple truth is: Keeping up with new technology trends is an expensive prospect.

That’s why many small business owners turn to equipment leasing.

Stay state-of-the-art without breaking the bank

From trucking and delivery to medical and dental care, numerous industries rely on using the latest technology.

If you count yourself among this group, you already know how overwhelming and expensive it can be to constantly play catchup by purchasing new tech. Equipment leasing provides your business with the chance to stay up to date with new tech easily. Not only is it far more affordable than purchasing equipment and machinery, it allows business owners to quickly upgrade or add equipment to suit their constantly changing needs.

Of course, the benefits don’t end there. By leasing equipment instead of buying it, you can also enjoy specialized tax benefits.

Under Section 179 of the Internal Revenue Code, businesses are able to take deductions from taxable income for equipment leased. You can also speed up depreciation, as depreciation is calculated by the term of your lease instead of the life of the equipment. This can then be expensed 100 percent.

Just keep in mind that equipment leases may not be considered assets, which means the IRS’ Alternative Minimum Tax rule does not apply.

However, if you’re looking for a way to stay up to date with technology while also improving your business’s balance sheet, equipment leasing may be the way to go.

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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.

 

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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.

 

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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.

 

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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.

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