Manufacturing technology orders dropped from May to June, and yearly sales are down 5.7 percent from 2012.
Many small business owners have found that upgrading technology has improved business practices and is driving company success.
Interest rates are increasing rapidly, worrying many small business owners and forcing them to reevaluate their financial situations.
Equipment leasing and financing is a great way for companies to keep pace with new technologies, without having to spend tons of money upfront.
After a slow second quarter, more business owners are expected to invest in equipment financing and new software for their companies during the second half of 2013.
Confidence in the equipment financing sector continues to rise, sparking optimism about other potential economic gains over the coming months. As confidence in the equipment financing sector increases, small business owners may gain more access to funding for their companies.
Small businesses increased borrowing in May, leading to increased optimism about overall economic growth over the next two quarters.
Sales numbers have consistently increased across the business sector, but hiring processes have been slow to catch up.
Inefficient data backup leads to lost revenue for entrepreneurs.
There were big gains in the equipment leasing sector during May, according to a report from the Equipment Leasing and Financing Association (ELFA).