Businesses Prepare For A Strong Season

lending index, direct capital lending, march index
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The Small Business Lending Index, by Direct Capital, has shown 2014 has had a strong start for the small business industry.

March had a 21% lending increase from February and a 42% increase from March 2013. This is a steady trend of improvement for 2 years.

The strongest industries in March were:

–          Auto Service

–          Commercial Vehicle

–          Computer

–          Medical Equipment

–          Restaurant Equipment

These industries increased in lending by double digits!

Average growth from Q1 2013 to Q1 2014 for equipment leasing was 168%.

Numbers don’t lie and it appears that small businesses are gearing up for a strong spring and summer. By extending business with lending small business owners are confident there will be a high demand in the coming months.

There are over 27 million companies that are a part of the small business industry and through their lending actions they seem to be confident that the seasons ahead will bring a lot of business.

Are you ready for a strong season?

 

Direct Capital is here to help you with your small business lending needs.