Continued demand for replacement and additions of equipment and facilities remains steady to increasing in all the markets we serve, which we feel is the result of lease rate declines in all credit classes as well as continued rising business confidence.
Woburn, MA (PRWEB) August 12, 2013
As one of the most innovative new providers of equipment leasing and financing to businesses, LeaseQ announced yesterday that it continues to witness signs of steady economic recovery in its business - citing optimism in business conditions, a steady decline in all credit classes and continued strong demand for its equipment lease and finance service.
LeaseQ Founder and CEO, Vernon Tirey said, "Continued demand for replacement and additions of equipment and facilities remains steady to increasing in all the markets we serve, which we feel is the result of lease rate declines in all credit classes as well as continued rising business confidence. We see growing confidence that the economic climate will continue to post modest improvement over the next 12 to 18 months and leasing and financing capital equipment is integral to that continued growth.”
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Business Confidence Leads to Continued Equipment Lease and Finance Expansion
With the Equipment Leasing & Finance Foundation releasing optimistic July 2013 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) data this week, LeaseQ is seeing a corresponding rise in demand for equipment leasing and financing, further corroborating the Foundation’s data. Designed to collect leadership data from a cross section of key executives from the $725 billion equipment finance sector, the index reports a qualitative assessment of prevailing and future business conditions.
The report stated that confidence in the equipment finance market increased to 59.4, a rise from the June index of 57.3, which reflects the industry’s increasing optimism. More specifically, 24% of executives responding to the survey believe there will be continuing improvement in business conditions of the next four months and increase in optimism form 19.4% in June, with 71.9% believing business conditions will remain largely the same over those same four months.
In an economic recovery, leasing and financing of capital equipment is viewed by analysts as an important indicator for continued business confidence and economic recovery. The increase in demand for equipment leasing that LeaseQ sees across the thirty-plus sectors it serves is further positive affirmation of a sustained recovery. LeaseQ’s groundbreaking lease and finance service also may play a large role in the optimism the company sees as well - as business owners are easily able to shop and then acquire the equipment they need at extremely reasonable rates using their online platform at https://www.leaseq.com/.
Lease Rates Continue to Decline in All Credit Classes
Tirey was especially optimistic about the continued decline in lease rates among all credit rating classifications. Cited Tirey, “We are seeing finance rates from AAA to D borrowers easing, which is leading to a surge in approvals and faster turnaround. This is especially exciting paired with the increases in business confidence we are witnessing across all the sectors we serve.”
LeaseQ helps to streamline the burdensome and time consuming process of acquiring the equipment businesses need to operate and grow. With burgeoning demand for the services at LeaseQ, leasing that equipment is becoming an increasingly popular option for businesses for many reasons. Many businesses are now realizing that leasing instead of cash purchasing allows business to conserve capital, allows the business to acquire the most technologically advanced equipment to gain a competitive edge, not to mention leasing offers numerous tax advantages over traditional cash acquisitions.
Due to the growing demand for his services at LeaseQ, Tirey announced just last week that it is doubling its office space and expanding its full time staff – proof positive that the economic recovery is in full swing. This sustained recovery and increase in optimism is in part due to new and innovative breakthrough services like LeaseQ which are helping business owners to continue to facilitate that expansion.
A Better Way to Shop for the Best Leasing Deals
LeaseQ's paradigm-busting comparison shopping platform offers business owners instant finance quotes from leading equipment leasing companies, all in under two minutes with zero impact on the business owner’s credit score. One of the main reasons why LeaseQ is able to help businesses of all kinds - from the corner gym needing new treadmills for it members to a heavy equipment manufacturer who needs two dozen forklifts to keep up with demand, is LeaseQ’s complimentary online system helps both to obtain the equipment they need at the best rates and terms possible.
LeaseQ’s online platform, although seemingly simplistic on the outside, is powered by a heavy-duty back office underwriting engine, which generates genuine lease quote from financial institutions seamlessly hooked into its platform – all remarkably done in less than two minutes. As the business owner progresses through the platform, they are given comparative options designed to get them the equipment they need matched with a financial terms and rates that work best for them.
Based in Woburn MA, LeaseQ is one of the leading providers of equipment leasing and financing options in the country, with options available for both small business startups as well as Fortune 500 corporations. Visit them online at LeaseQ.com.