Company Provides Financing Options For Businesses Facing Past Credit Issues

Las Vegas, NV -- (SBWIRE) -- 11/04/2013 -- Statistics from the Small Business Administration dictate 80 percent of small business owners in the United States require some form of financing to initiate or expand their businesses with the majority relying on loans and leasing to foster their endeavors. Due to the recession of recent years, many of these entrepreneurs find their credit scores suffering, hampering their ability to acquire traditional loans.

Still, they are struggling to keep up with the changing mindset of their customers and outshine their competitors on a number of levels. Having assisted small businesses with credit issues for more than a decade, Leasefunders.com has launched their revamped website offering a more responsive layout for their clients taking advantage of the latest technology available to them.

Darren Sullivan of Leasefunders.com explained, "Not only are our clients dealing with changing economic factors, they are confronted with continuously evolving technology as well. Most business owners have replaced their outdated equipment with modern tablets and smart phones, increasing the demand for mobile friendly websites. In order to meet their needs, we have implemented our new website design. Now, our clients can easily view our content from any device, regardless of the size of the screen they are using."

According to statistics from the financial sector, banks are restricting their lending options to start up businesses, leading to 90 percent of business loans currently being denied. Though personal and business credit history play a large role in these figures, the majority of loans are denied due to lack of sufficient collateral. The staff of Leasefunders.com recognizes this issue, which is a primary reason for developing their specialized equipment leasing programs.

"We provide equipment financing for those facing a variety of challenges," Sullivan stated, "Though banks are shying away from providing start up business financing, this is what we specialize in. We offer flexible credit guidelines and require no time in business. Our credit manager can help those in a number of situations; however, clients with no credit or a recent bankruptcy on their record will need a co-signer."

The company website indicates business owners with bad credit should be wary of applying for numerous lines of credit. Each denied credit application further decreases credit scores, regardless of their current financial situation.Bad credit business financing is still available for clients who meet Leasefunders.com requirements. Credit issues must be in the past, bankruptcies must already be discharged, and some new lines of credit should exist as proof of an attempt to rebuild credit.

Concluded Sullivan, "Whether our clients are in their office, contemplating using their outdated equipment as collateral to upgrade their company or using their smart phone to access their options for leasing new equipment to start their own enterprise, we can help them reach their goals."

About Leasefunders.com
Leasefunders.com provides a variety of business financing options for businesses nationwide including working capital loans, sale lease back loans, and equipment financing solutions for small business owners. Working with banks and financial institutions all over the United States, they are able to provide financing for the established business owner as well as special programs for start up businesses and businesses with credit problems.

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Las Vegas, NV -- (SBWIRE) -- 04/01/2013 -- The US Small Business Administration released statistics recently showing 85% of all companies lease equipment for their businesses and 89% of those companies will lease equipment again in the future. Darren Tiemann of Leasefunders.com says this is just the way business is conducted these days because it preserves a company's working capital.

Says Tiemann, "In today's challenging business environment, office equipment financing is proving to be a valuable tool businesses are using to obtain much needed equipment without diminishing their available working capital. And, quite frankly, more businesses are choosing to lease their equipment because equipment leasing is much easier to get approved for than a business loan."

Tiemann points out the many benefits to leasing office and farm equipment for businesses, saying, "Leasing saves you a great deal of time and hassle trying to find someone to grant you credit, especially if you're a start-up business or have a bankruptcy in your past. Leasing also allows you upgrade your equipment easily, keeping pace with emerging technology. A short-term lease affords you the chance to test the equipment out and evaluate it for your company's needs. Plus, in some cases, maintenance is included in the lease, saving you on repair costs."

Tiemann continues, demonstrating how valuable leasing can be for start-up businesses. "Nothing can stifle the entrepreneurial spirit like being turned down for a small business loan. But with leasing, software, websites, equipment, computers, etc can all be leased, even if comes from different vendors. Then, it can all be put on one lease, with one payment. Even the installation and service costs can be put on the lease to save your cash for more lucrative costs that will be making you money down the road. Whether you have perfect credit or you're looking for startup business financing for people with bad credit, leasing can be the answer."

Leasing is also a viable option for companies facing bad credit in a lean economy, says Tiemann. "Having bad credit usually means an automatic "NO" from most banks and finance companies. It's important to find a leasing company with a history of helping businesses with credit problems obtain financing. There are ways to package your lease request so that the banks and financiers look favorably upon your request. If you have past credit problems and are working to improve your situation, help is available."

About Leasefunders.com
Leasefunders.com is a division of New Horizon Business Services Inc. providing financing for businesses nationwide. They offer personalized, professional service, low rates, fast approvals, and startup equipment leasing for established businesses with "A" credit or "Credit Challenged". They can arrange a financing to fit a company's individual needs. Additionally, they partner with equipment vendors and dealers to help increase sales by utilizing their own in-house equipment leasing programs. NHBS, Inc. is committed to providing customers with the highest level of service, while priding themselves on being able to provide fast, dependable and personable service.

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Bad Credit and No Credit Are No Longer a Problem When a Company Wants to Expand

Las Vegas, NV -- (SBWIRE) -- 03/11/2013 -- According to Equipment Leasing and Finance Association reports, over 80% of businesses make use of some type of equipment financing. The rapid rate at which technology advances continues to be one reason why this is the case with the current economic climate being another. "Any company looking for startup business financing, new business equipment leasing, bad credit equipment leasing or working capital loan programs need look no further than Leasefunders.com," James Sullivan, media contact for the company states.

"New businesses often struggle to find startup business equipment leasing during the first two years of operation. Leasefunders.com offers programs for businesses from day one, even those with less than perfect credit. Businesses with A-D credit can obtain the needed funds as long as certain requirements are met," Mr. Sullivan continues. The minimum lease amount approved is $5,000 and certain documents must be provided. This includes a brief business summary, a personal financial statement, two years personal tax returns for lease amounts over $15,000 and an invoice or details concerning equipment. Certain credit requirements must also be met to qualify for this type of lease.

Mr. Sullivan goes on to say, "Established businesses often find the Leasefunders.com equipment sale leaseback to be the perfect program for their needs. Under this program, equipment currently owned by the business is used as collateral for the loan. The loan must be in good shape and have value to be used for this program and it cannot currently be on a loan or lease of this type. Only US companies qualify for this funding and all types of businesses are accepted." In addition to the above requirements, there are others which must be met before a loan of this type will be approved by lenders.

"Companies with bad credit know that this usually means loans from traditional lenders won't be available. Leasefunders Inc. doesn't hesitate to work with any company with past credit problems. The company works to find a solution that meet the needs of the client. Companies in the process of rebuilding credit find this to be a helpful tool to move their company forward and start on the path to growth," Mr Sullivan goes on to say. To qualify for a loan of this type, all credit problems must be resolved and bankruptcies discharged at least three years prior before a business qualifies for this program. In addition, judgements and tax liens must be satisfied and an explanation provided for past credit problems.

"Leasefunders.com dedicates itself to finding funding for all companies. With a variety of programs to select from, one is sure to meet the needs of any business. The goal is to ensure each company has the funds needed to move forward and the staff works hard to ensure this happens," Mr. Sullivan declares.

About Leasefunders.com
Leasefunders.com, a division of New Horizon Business Services Inc., provides financing for businesses across the country. Offering low rates, fast approvals and funding for a variety of purposes, Leasefunders.com provides each client with personalized, professional service. With a wide range of financing contacts, this company helps businesses with perfect credit and those with bad or no credit find the financing needed to move their company forward. Leasefunders.com also partners with equipment dealers and vendors to increase sales by using the equipment leasing programs offered. New Horizon Business Services Inc. prides itself on providing clients with fast, personable and dependable service at all times.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm