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).
Every business, large or small, requires some equipment; the major decision lies with whether to lease or purchase the equipment. There are pros and cons to both purchasing and leasing equipment, and each business owner must decide what’s best for them. Whether you decide to purchase or lease the equipment for your business, financing will likely be a necessity.
Small business owners have become increasingly pressed to find avenues of getting a small business loan.
Individuals looking to find credit for small businesses should be wary, Bloomberg Businessweek reported. Small business owners may be at risk when using credit cards.
A mobile workforce is a more productive one for small businesses. Mobile device technology and accessibility is helping with the improved productivity.
Data backup and recovery failures cost small businesses. Causing many to consider updating their technology equipment through equipment leasing.