Firm’s 2013 research and customer feedback point to solid demand for financing next year
PORTSMOUTH, N.H. (October 21, 2013) - Conference goers should expect good news at the upcoming Restaurant Financing and Development Conference according to Direct Capital, a leading national provider of equipment leasing, business loans and working capital.
The company, which releases a monthly index that tracks demand for small business lending, most recently reported a 12% increase in lending demand in September. Historically, a strong September translates into a strong fourth quarter, Direct Capital noted. The September increase, coupled with a 26% increase overall in demand versus 2012, also points to a strong first quarter in 2014, according to the company.
“We’ve seen significant demand for restaurant lending throughout the year, so we’re hopeful that that’s a trend that will continue well into 2014 as the economy gets even stronger.” says Stephen Lankler, senior vice president at Direct Capital. “It’s great to see more restaurants gaining the confidence to finally expand or tackle a remodel that they may have been putting off while things were a little more uncertain.”
Direct Capital’s Senior Vice President, Portfolio Risk Management, Eric Renaud, a 24-year equipment leasing and commercial finance veteran, will be speaking at the Restaurant Finance and Development Conference in Las Vegas on restaurant financing options and the outlook for 2014. Renaud will be appearing on a panel of finance executives exploring current finance trends and 2014’s growth potential. The session will take place on Tuesday November 5 at 11:15am in Las Vegas.
Direct Capital is celebrating its 20th anniversary this November. Since its inception, the company has lent more than $2.25 billion to 80,000+ businesses across 1,000 different industries. The company was recently named to the Inc. 500/5000 list of the fastest-growing private U.S. businesses.
Direct Capital’s growth has been accelerated by its unique, tech-enabled approach to delivering fast, easy, affordable financing to small businesses, including franchisees and restaurant owners. No other online lending platform exists today to instantly deliver 30 day to 7-year financing for every major need of a small business, franchisee or customer of a large equipment vendor.
To learn more about Direct Capital and to view the previous lending indexes click here.
About Direct Capital
Established in 1993, Direct Capital provides financing for small- to mid-ticket equipment, franchise remodels and technology purchases, working capital, and business loans. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank blog at http://blog.directcapital.com