According to a recent Wall Street Journal article written by Josh Mitchell, the economy is holding up quite well. “Resilient” is the word he used to describe the situation.
“Households have plenty of money,” he quotes a chief economist as saying. While travel has suffered, retail sales rose in August. With children going back to school, consumers are spending more on food and merchandise at big box stores. Restaurant sales have been growing briskly all year, up 32% over the past year.
In addition to the added spending, employers are holding onto their workers. It’s a sign of a strong economy.
When it comes to your own business model, how are you adapting to the new normal?
We strongly suggest you consider the pent-up demand and what you need to be doing today to prepare for the near future.
With rates low, you may wish to consider new or used equipment to help your business grow.
Economists have been saying it for a while now: There is a lot of cash on the sidelines, in the pockets of both consumers and businesses, waiting to be spent.
As a player in the component financing arena for many years, we know the equipment and the companies involved in the business. We’ve helped to fund deals since 1992.
There are many programs available to every type of borrower. Whether you are an established business with solid credit or a newcomer with a limited credit history, we can help.
Acceptance Leasing and Financing Service, Inc. is located near Pittsburgh, PA. We are a team of professionals dedicated to working closely with you to obtain an approval at the best possible rate for you. Call us today at 412 262-3225.