The Equipment Leasing and Finance Association (ELFA), a trade organization that represents companies in the $903 billion equipment finance sector, released their 2015 Survey recently. Here are some of their findings:
This is great news for business owners in any of these sectors who are considering a major equipment purchase. The findings also point the way for those seeking financing for these upgrades. At traditional lenders the loan process can take weeks and possibly months. For those business owners seeking fast liquidity now, an alternative source such as National Business Capital can assist them to locate the funding they require, and once approved, their funds are made available to them in days. Moreover we offer lending instruments that provide equipment financing with great terms.
National Business Capital offers specialized equipment financing for businesses of any size across any industry. We are justly proud of our over 90% approval rate. Our application takes just minutes to fill out, does not require a mountain of documentation, and we make our credit decision within 24 hours. We use reasonable underwriting criteria that does not exclude applicants with less than perfect credit.
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.