Funding Startup Businesses Key to Economic Stimulation

Online, June 21, 2011 (Newswire.com) - For many businesses the hardest decision to make is with regards to bankrolling an operation. Owning a business can be one of the most rewarding experiences of a person's life, but it can also be one of the most expensive. For many, if they could only afford to pay for the implements they need to get started, they could quickly be earning a consistent stream of revenue. Unfortunately, many banks have pulled away from offering financing to new and young businesses, preferring instead to limit their options to those with a preset amount of time in business, typically ranging from three to five years.

American Leasing & Financial has recently rolled out a program to assist those without significant amounts of time in business with their capital and commercial equipment financing needs. Through their in-house funding source, American Leasefund, American Leasing will not fund startup businesses in select industries. "It's a privilege to be able to offer a program that can really help the economy," says owner and President Tom Davis, "because I remember what it's like to open your doors for the first time as a small business, and it's anything but easy."

With four out of five new businesses that open in the US being classified as 'small businesses,' it's no wonder that there is such a huge demand for financing. Competition can be cut throat, and many businesses find themselves closing their doors before the end of their first fiscal year. "Having a plan of action that includes financing equipment can be smart. Sure, it means you will have a payment, but it also means you will be able to bring in revenue that you previously wouldn't have been able to," says Kevin Preston, who is American Leasefund's Corporate Counsel.

The rationale followed by the management team at American Leasing is not a far cry from what a variety of economists have been saying for the last couple of years: in order for the economy to experience growth, business owners are going to have to be more willing to take risks. In this case, American Leasing is encouraging risk by example: they're showing a willingness to bet on small businesses.

If you are seeking financing for a new or startup business, you can contact American Leasing and Financial at 800-644-1182. You can also visit them on the web at www.americanlf.com.