01 22 2015

Technology Important to Small Businesses

01 22 2015

Technology Increasingly Important to Small Business Owners

IT equipment leasing could be on the rise in the very near future, as a recent report highlights how important technology is to small business.

“More than ever, small businesses rely on technology to make more happen every day,” Alison Corcoran, senior vice president of North American stores and online for Staples, said in a recent press release.

Staples surveyed 510 small business owners and found that email ranks as the No.1 software tool for running a business at 47 percent. Meanwhile, financial management software came in at 29 percent. The Staples Small Business Owners Survey also discovered that the computer is the most crucial piece of office equipment for 71 percent of owners.

Reliance on technology is only likely to increase, as many small business owners said they were hoping to boost efficiency this autumn by focusing on marketing and advertising (28 percent), cash flow management (26 percent) and social media use (26 percent) – all priorities that either require or can be streamlined by technology. Besides improving efficiency, small business owners also want to increase profits through the use of promotional marketing (26 percent), developing social media (21 percent) and managing inventory better (14 percent).

With 96 percent of small business owners involved in purchasing products for their operation, the chance to improve efficiency and increase profits shouldn’t be too difficult if owners know where to start.

One option that can help with both goals is equipment leasing.

Equipment leasing to boost performance and bottom lines

First and foremost, no small business will be able to run efficiently if it doesn’t have the proper equipment. Leasing options give small business owners a chance to obtain the tools they need without having to spend large amounts of cash out of pocket.

This alternative to buying equipment can also help owners preserve their working capital. Put simply, leasing instead of buying preserves more cash, and having this money on hand is essential for small businesses to stay flexible and secure in today’s market. Even better, leasing comes with numerous tax saving benefits business owners would not be eligible for if they purchased equipment outright. All this comes together to result in healthier bottom lines.

With no down payments, same-day approvals and virtually no limitations on the types of equipment that can be leased, small business owners who find themselves relying more on technology can rest easy.

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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.

 

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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.

  
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