LeaseQ Agrees With Recent American Express OPEN Small Business Monitor Survey That Business Owners Will Increase Their Investment Goals In 2014

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Finance and equipment leasing market place, LeaseQ revealed today that business owners and equipment dealers feel the current US economy is in fact improving as evidenced by clear increases in investments in new equipment, increase marketing initiatives and hire more employees among others.

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In the small business sector we are seeing the optimism in leasing and financing.

Despite feeling anxious about the future of their businesses in years past, in a recent study just released in May 2014, the percentage of business owners who feel anxious about their business prospects has dropped significantly in 2014 to a ten year low of 56%. The report shows that many business owners sleep better at night now that they feel confident about the economy.

Eleven hundred fifty small businesses with less than 100 employees participated in the survey which was carried out in February to March of 2014. The study revealed:

  •     55% (an increase from 50% a year ago) of small business owners want intend to make capital investments in the next six months.
  •     Out of ten businesses, seven of them intend to grow their business in the next two months.
  •     The number of businesses that felt the economy has a negative impact on their business and its survival dropped from 18% last spring to 13%.
  •     54% (same percent as last year) of businesses maintain a positive outlook towards the economy and business prospects.

This spring, 72% of small businesses feel confident that they have the ability to access the capital they need to grow their business. This is the highest figure since the survey was conducted in 2002. Growth plans are in the cards and many small businesses are determined to achieve their long term goals.

Equipment Leasing and Financing Continues on The Upswing With Growing Optimism

In response to the study, Vernon Tirey, the CEO and Founder of LeaseQ - the largest online marketplace for equipment leasing and financing agreed with the finding and was quoted as saying, “We are still recovering from the financial crisis we experienced in the late 2000’s, but as the current economic climate continues to improve, there will be an increase in the demand for hassle-free financing solutions for equipment updating and replacement.”

In January, The National Federation of Independent Business revealed that business owners planned to expand their purchasing. The credit for small businesses also seems to be improving and consequently the equipment leasing and financing industry is experiencing a growth outburst.

LeaseQ is one of the companies in the equipment leasing industry that is experiencing an increased demand for leasing and financing solutions. Their One Touch Platform makes it easy for small businesses to access equipment financing solutions by simply filling out some information about themselves. From there, the borrower will get an instant quote on the equipment they need from hundreds of reputable financing companies.

Apart from acquiring the equipment they need to run their operations, small businesses also need capital to help them take care of other operations as their business continues to grow. LeaseQ’s partnership with OnDeck earlier this year cemented that position placing them in a position to give businesses a chance to get the equipment they need as well as financing to cover capital investments. This strategic partnership was a way for LeaseQ to cater to the needs of different businesses regardless of their size. It’s not just established businesses that have weathered the recession that are feeling optimistic about the economy, new business owners are also optimistic.

Tirey Concurs that 2014 could the best year for small businesses to expand. It could also be the best time to get financing to fund business operations, including increasing or upgrading equipment needed to run a business smoothly. “In the small business sector we are seeing the optimism in leasing and financing.”

About LeaseQ

LeaseQ is an online market place based in Woburn, MA. They are the leading provider of equipment leasing and financing and they help businesses acquire the equipment they need at rates and terms that suit their needs.

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Vernon Tirey
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