Trends

 

09 10 2013

09 10 2013

U.S. Economy Makes Big Second Quarter Gains

The U.S. economy made significant improvements during second quarter 2013 and GDP is on the rise. The Commerce Department recently announced GDP grew by 2.5 percent from April to June 2013, a marked increase over previous quarters. The 2.5 percent growth is nearly double what was reported during first quarter this year and greatly outstripped government projections. In previous statements, the federal government said they expected the economy to grow 1.7 percent during the three-month period, making the level of growth a surprise for many economists.

Financial experts anticipate the growth will continue and project future gains throughout the rest of the year. Others hope the new economic reports could improve consumer and investor confidence. Ted Wieseman, an economist at Morgan Stanley, told Reuters the new numbers could spark confidence that the economy is finally making consistent improvements.

“We are likely now moving past the peak of fiscal drag and, as we do, improving underlying private demand should support a pickup in GDP growth,” Wieseman said.

As a result of the news, stock prices and yields on U.S. government debt increased, and the dollar improved against the euro.

The Labor Department also reported new jobless claims fell by 6,000 last week to 331,000.

Economic uncertainties

Despite the overall positive news about the state of the U.S. economy, some reports revealed areas in which the country still needs to improve. National output was weighed down during second quarter as austerity measures went into effect and curbed government spending – the effects of the austerity measures were greater than anticipated and took hold of some areas of the economy.

Some reports also found that while the housing market continues to improve – housing investments accounted for almost 20 percent of second quarter growth – housing numbers began to look less stable toward the end of June.

Small business owners may not feel the effects of these changes right away, however, as shifts in the housing market or GDP do not immediately translate to increased profits. As the economy slowly recovers, many small business owners are still finding getting a small business loan to be extremely difficult due to tightened lending standards.

If a small business owner is having trouble getting financing, they can come to National Funding for assistance. National Funding can provide a merchant cash advance for business operations and financial guidance for entrepreneurs.

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.