SPRING HILL, Fla., Dec. 1, 2015 /PRNewswire/ -- Abba Equipment Leasing offers much more than vehicle and equipment leasing – the company also helps businesses grow and diversify, without the time-consuming process of a traditional bank loan. Working capital loans from Abba Equipment Leasing are typically funded within 72 hours and can be used for a multitude of purposes. Plus, with the New Year closing in fast, many small and medium businesses are already developing ambitious budgets for 2016 – and many of them will need working capital to realize those ambitions.
"The first and fourth quarters of the calendar year are prime time for businesses to seek working capital," explains Abba Equipment Leasing Founder Richard Reichmann. "These loans are popular with small businesses earning $1 to $2 million each year. We believe in getting businesses the money they need fast. Unlike banks, we can process fully completed applications in about four hours and deliver funds within three days."
With a promising economic outlook, the demand for working capital could be especially strong this season. According to many analysts, the U.S. should see healthy growth across several metrics during the first quarter of 2016. Philly Fed survey respondents projected 185,100 jobs will be added monthly from January through March of next year, a robust number given the usual post-holiday lag. Kiplinger, meanwhile, expect business spending, retail sales and housing all to climb in 2016. These factors will conspire to create a strong climate for small businesses to grow.
Abba Equipment Leasing provides a straightforward, one-page application for its working capital loans, saving owners from the countless reams of paper normally associated with bank loans. Applicants must provide six months of bank statements and prior year tax returns. Abba Equipment Leasing only requires that a business be operational for one year to be eligible for a working capital loan – many lenders demand two or more years. Banks hesitate to work with businesses with sub-720 credit scores, but Abba Equipment Leasing provides capital to businesses with credit scores as low as 600, under the right circumstances.
Restaurants, auto repair shops, dental and medical offices, spas and retail stores are among the top industries that seek loan funding through Abba Equipment Leasing. Working capital empowers small businesses to take advantage of opportunities that may otherwise have been out of reach. These could include bidding on larger projects, expanding payroll or growing the inventory. Ultimately, working capital offers a cash flow infusion when businesses need it most. Loans range from $5,000 to $500,000 on 3 to 18 month terms. All loans are secured by a personal guarantee.
Business owners are welcome to free, no obligation consultation with the experts at Abba Equipment Leasing regarding their funding needs by calling 352-688-7588.
About Abba Equipment Leasing
The mission statement of Abba Equipment Leasing is "To help business owners grow and prosper." The company offers both new equipment leasing as well as used equipment leasing. The company's team members are certified in numerous areas, such as aircraft leasing and financing, restaurant equipment leasing, bakery equipment leasing, heavy equipment leasing, medical equipment leasing, computer equipment leasing, equipment financing, office furniture leasing, farm equipment leasing, fitness equipment leasing and construction equipment leasing, among others.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/abba-equipment-leasings-working-capital-loans-help-businesses-start-2016-with-a-bang-300185906.html
SOURCE Abba Equipment Leasing