Month: July 2015

The Unthinkable – SBA Halts Small Business Loans

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If you’re a small business owner looking to the government to help out with a SBA 7(a) business loan for new equipment or to expand your business, you will need to get in line. The Small Business Administration has already reached its $18.75 billion ceiling for fiscal 2015.

Unless Congress agrees to raise the ceiling, small business owners will have to wait until October 1 just to receive a credit approval.  Of course, further complicating matters is the government’s reputation for notoriously slow funding.  STRADA Capital Corporation will continue to monitor the situation closely and will advise clients as more information becomes available.

The good news for STRADA Capital clients is the broad range of financial solutions still available.   Unlike many banks, STRADA Capital is actively lending.  The Company has millions to lend and its legendary reputation for providing fast, affordable financial solutions continues to grow.

If your company is expanding, in need of a loan or working capital, call your STRADA Capital representative today and lock in on these low rates for the rest of 2015.

The STRADA Capital Promise – We will only approve loans/leases that improve your cash flow and/or significantly increasing your earnings.

 

The Business Lending Party Continues! But, for how much longer?

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New business volume in the equipment finance sector rose in June, according to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index.

The $903 billion sector showed overall new business volume of $9.5 billion in June, a 4% boost from June of last year. The increase was even larger in comparison to May, with a 34% jump from the $7.1 billion recorded last month. New business volume has been rising all this year, with a 9% increase year-to-date compared to 2014.

The rise in new business volume goes hand-in-hand with the Equipment Leasing and Finance Foundation’s Monthly Confidence Index, which was released last week and showed a reading of 62.6, essentially unchanged from the mark from last June (63.0).

The level of new business volume at the halfway point in the year is higher than in any similar period since at least the start of the Great Recession. Some concern exists about what most expect to be a gradually higher interest rate environment which could well slow the trajectory and velocity of capital spending but only time will tell.

If growth is in your future, now may be the last opportunity to lock in historically low rates. Contact STRADA Capital for more information on and to lock rates for the rest of 2015.