LeaseQ Announces New Lending Options For Small Business Dealing with the Fiscal Cliff Crisis

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With the fiscal cliff looming, an equipment leasing and financing authority offers lending alternatives to businesses that may be affected by the fiscal cliff crisis.

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Though the threat of increased taxes is painful, hitting the debt ceiling is lethal for businesses that need access to capital.

LeaseQ, one of the leading providers of business equipment leasing and financing in the United States, is offering unique and innovative lending solutions to small businesses and Fortune 500 companies in the path of the looming fiscal cliff. With decisions in Washington, DC hanging in the balance, the need was seen to offer programs ensuring that small businesses would continue to have access to the capital they need for additional equipment, personnel, and other areas of expansion.

LeaseQ is urging lawmakers in Washington DC to reach a decision on how to best handle the looming fiscal cliff crisis. The lending authority claims that failure to do so will have an adverse effect on small businesses who need to feel confident in the country’s economic condition before committing to long term investments or other plans designed to spur growth and expansion.

When asked why raising the debt ceiling is critical, Vernon Tirey, CEO at LeaseQ, Inc. said:

“Businesses need access to capital to grow. Although large businesses have the luxury of sitting on cash, small and medium businesses do not. We see that lenders are becoming increasingly more cautious as Washington wrangles over the fiscal cliff and the need to raise the debt ceiling gets pushed to the sideline.” Mr. Tirey went on to say: “At LeaseQ we can now help a business see all its equipment finance options in about two minutes when it used to take days or weeks to really shop for competitive financing. The government needs to learn how to operate more efficiently too.”

By offering a variety of lending and leasing options for small business owners, LeaseQ is able to assist these companies when it comes to remaining competitive and growing in an uncertain economy. Businesses can examine a variety of options and choose the one best suited for their needs and budget. The application and approval process is one of the fastest in the industry, with response times measured in minutes as opposed to hours or days.

Among the LeaseQ offerings in this area are:

Businesses Seeking Equipment Financing – the LeaseQ website enables any business seeking equipment financing to link to leading finance companies, shop for financing, compare finance plans and rates, choose the best leasing option, lock-in financing rates, and begin the finance process easily in a few minutes.

Equipment Dealers - LeaseQ enables equipment dealers to take control of the entire sales process (including financing) and close a sale while the business customer is still in the dealership. We provide a lead management and lease processing system that allows the dealer to link with leasing companies, banks, and other financing sources on behalf of a business seeking financing, get instant lease quotes in 60 seconds, and easily manage all the paperwork required to secure financing on behalf of the customer.
Finance Companies – LeaseQ significantly lowers the cost of sales by delivering highly qualified lease applications to leasing companies. A free underwriting engine, real-time-credit processing capability and BPO management system enables leasing companies to create an Nth number of risk tiers with variable lease pricing for each vertical market segment, generate instant lease quotes, and manage the lease application and lease closing process all online.

Based in Boston MA, LeaseQ is one of the leading providers of commercial equipment leasing and financing in the United States.

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