Demand for lease financing continues to be strong. The recent release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased 12% from October 2013. The SBLI increased 4% from 127.1 in September 2014 to 131.8 in October 2014, reflecting continued signs of strength in the economy. This is the first time the SBLI has exceeded the pre-recession peak. Madison continues to experience heavy demand for small business lease financing due to the need for businesses to rapidly acquire equipment and vehicles in order to address business expansion.
When it comes to financing, many small business owners are looking for alternatives to traditional bank loans. Business owners want a simple, fast process for acquiring financing for business equipment and vehicles. They need to order capital equipment and vehicles quickly to meet the demands of their customers and address new opportunities the economy is creating. They cannot wait for weeks to receive a decision on their financing request.The Madison financing team has expertise working with a wide range of businesses across the U.S., Canada and Puerto Rico. We listen to your needs in order to structure a financing program that is best for your needs.
Some of our funding highlights for November include:
• $543K for a demolition company. They financed 3 pieces of equipment used for demolition. Financing was completed in less than a week from application submission through digital docs and funding.
• $750k for an ambulance company buying 12 new vehicles.
• $23k for a Maryland veterinary office upgrading to digital x-ray processing.
• $39k for ophthalmology practice upgrade their capabilities by adding new diagnostic equipment.
There are alternative financing options beyond credit cards and traditional loans. Contact us to discuss your needs and what we can offer, you have nothing to lose.