Woburn, MA (PRWEB) October 23, 2013
It’s a popular misconception at many startup businesses that they cannot get financing. They erroneously think there’s little chance they will qualify for any kind of financing while still in their startup phase of development. While this may still be a popularly held beliefs in the business community, one leasing and financing company is starting to change all that.
Online equipment leasing and financing company LeaseQ has emerged as the one place where entrepreneurial businesses can find multiple finance options from lenders that specialize in providing equipment loans and leases to startups. So whether the business is a doctor opening her first office, a retiree opening a cupcake shop, a service station operator adding a towing service or team of scientists starting their own lab, young businesses now have an easy way to find the financing to acquire the equipment they need.
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Conventional startup company wisdom has always been that most young companies are simply not bankable – lacking the sufficient cash flow to support ongoing finance charges. These firms may simply be cash flow negative, be new companies with intellectual property but no actual customers yet or they may be smaller industrial firms in need of fixed assets prior to going to their actual product production phase.
Whatever the circumstances, most of these companies feel they are unable to qualify for financing – in essence being “un-bankable”. There is good news for companies that fit these types of profiles, however. There are alternative financing sources now available to finance higher risk projects while offering competitive interest rates which young entrepreneurial startup companies can afford – even those with slim capital budgets.
For the American economy to continue to grow and prosper, helping these startup companies finance the equipment and supplies they need is critical to sustaining the current economic recovery. And one revolutionary equipment leasing and financing company is doing its part to help today’s startup companies to emerge into tomorrow’s corporate powerhouses.
Equipment Leasing Company LeaseQ Helps Startup Companies Prosper
LeaseQ is an online comparison shopping platform where businesses, equipment dealers, and leasing/financing companies quickly and cost effectively match borrowers and lenders. To streamline and make simple what has been traditionally a painful process, LeaseQ enables finance companies to share their detailed lease and loan underwriting criteria which LeaseQ captures in its instant quoting system so that business owners compare pre-qualified rates, choose a lender and complete the application all in under two minutes.
Using soft credit pull capabilities, LeaseQ can run real time, accurate personal and business credit scores with zero impact on the business owner’s credit rating. LeaseQ’s advances in technology, coupled with even greater speed with their new strategic partnerships, now allows businesses greater flexibility and control when shopping for equipment leasing and financing.
LeaseQ’s One Touch Platform is uniquely designed to match startup or established businesses leasing and financing assistance in order to acquire the business equipment they need to operate and grow their bottom line.
The LeaseQ One Touch Lease Platform factors in a business owner’s true FICO score and the business’ actual credit score into its calculations – using a powerful underwriting engine which is supported by the lenders themselves. In so doing, LeaseQ can run real-time business credit scores and financial qualifications with no impact to a business owner’s credit rating. These unique elements make the LeaseQ One Touch Lease Platform an extremely powerful way for any business – whether as a two month old startup or a 200-year-old Fortune 500 company – to acquire the exact equipment they need fast as possible.
Since its launch in late 2012, LeaseQ has quickly become the largest online network of equipment dealers and equipment finance companies - assisting businesses of all types to quickly acquire the equipment they need at the rates and terms best suited for their needs.
Based in Woburn MA, LeaseQ is one of the leading providers of equipment leasing and financing options in the country. Visit them online at http://www.leaseq.com.