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LeaseQ announced today that although there is renewed optimism about 2014 in the equipment lease sector, confidence in the sector may ease in the coming months. The Monthly Confidence Index for the Equipment Finance Industry results released this week is a qualitative assessment whose main aim is to collect data of the current and future business conditions and expectations of the equipment finance sector.
(PRWEB) July 15, 2014
The June Monthly Confidence Index for the Equipment Finance Sector was reported this week to be 61.4, a slight downturn from the May index of 65.4. The results of the survey show that 23% of business executives believed that business conditions were set to improve in the next four months. The percentage decreased from May when 34% of business executives believed business conditions would improve. The index report also reveals that 5.9% of business executives believed that the business conditions would worsen.
LeaseQ Founder and CEO, Vernon Tirey says This dwindling confidence and hope for improved business conditions could stem from some relative uncertainty in economic conditions. But businesses should be ready to take advantage of the current growth opportunities with realistic equipment acquisition strategies.
To learn more about leasing equipment, visit: https://www.leaseq.com
The survey also revealed that 17.6% of respondents believed that the demand for loans and equipment leases will increase in the next four months while 79.4% believed it would stagnate. 26.5% of the respondents were also optimistic that they would have access to capital to help them acquire equipment over the next four months. Additionally, 5.7% of the respondents rate the current U.S economy as poor, 91.4% rate it as fair while 2.9% rate it as excellent.
LeaseQ believes that due to the volume of applications, funding and approvals are all up in their business, they are optimistic despite the recent low sentiment numbers. Despite this report, LeaseQ expects to continue seeing an increased interest in using leasing for major capital expenditures. Many customers are concerned about tax management which could be part of the reason why there is an increase in demand for equipment leasing.
The survey includes several participants from different industries, ranging from captive equipment finance companies to small ticket banks. To ensure the surveys integrity, the Monthly Index uses the same pool of respondents every month.
LeaseQ Equipment Leasing Solutions
Due to certain uncontrollable factors such as instability in various parts of the world, weather conditions, cash flow and the economy, equipment leasing gives businesses a chance to secure equipment they need without investing a large amount of capital.
LeaseQ has come up with a free underwriting engine, a BPO management system and real time credit processing capabilities which all enable potential lessees to get instant lease quotes, manage their leases and close the leasing process online. They only conduct soft credit checks so potential lessees do not have to worry about their credit score getting affected.
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, businesses also need capital to help them take care of other operations as their business continues to grow. LeaseQs 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.
LeaseQ is an online market place whose main mission is to make it faster, easier and more cost effective to sell and finance equipment. It also links leading financing companies to businesses seeking equipment financing. Equipment dealers can take control of the entire sales process. Businesses can also take advantage of their lower cost of sales. Visit them at https://www.leaseq.com
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