When small businesses need new supplies to help their companies run more efficiently, they may assume they need to funnel a significant portion of their cash flow toward those items. However, there are other options, such as equipment leasing. To help small business owners understand more about their options, Five Point Capital is presenting the following information about a rise in confidence across the equipment finance industry.
The $628 billion sector recently saw a rise in confidence, up to 51.5 in July from 48.5 points in June. The index measures conditions across the industry and executives' expectations for the future.
"Low interest rates and tax incentives will enable our industry to generate modest increases in asset volume and profitability through the remainder of 2012," said Russell Nelson, the president of the Farm Credit Leasing Services Corporation. "Improving credit quality, stable earnings and demand for innovative/creative lease and loan products should position our industry for improved growth in 2013 and beyond."
The survey found that nearly 20 percent (19.4 percent) of business owners believe they will have greater access to the financing needed for equipment leasing or purchases. If owners want to learn more about leasing IT equipment, point-of-sale terminals and office furniture, they can contact Five Point Capital.