Innovative Lease Services Inc., a leading financing company offering small and mid-sized equipment leasing, working capital and merchant services demonstrates 9.6% increase in the first two quarters of 2014.
Carlsbad, CA July 24, 2014 – – A locally-owned leader in financing, Innovative Lease Services (ILS) has processed over 1,300 financing opportunities representing over $91 Million in Equipment Leasing and Working Capital requests in the first 2 Quarters of 2014. This application level represents a significant increase of 9.6% over the same period of 2013 and signals a continuing upward demand for small and mid-sized business financing.
Andrew Nere, CLP, CEO of Innovative Lease Services, states that ILS has seen a “significant increase in originations for the first two quarters of 2014. He added that ILS attributes this strong growth to a “continued appetite for Working Capital in the Small Business Community.” He further indicated that, of particular note, was the “increase in our Working Capital, Start-up Business Financing, Transportation Financing, and Craft Brewing Financing sectors.”
In looking toward the future, Mr. Nere said, “As 2014 continues, we expect this growth to increase by 5-7%. With the unveiling of our new Inventory Finance and SAAS Financing products, ILS continues to create and deploy products for business owners who are still drastically under-served by the traditional Bank Lender.” With opportunities for small businesses growing, ILS demonstrates its ongoing support and leading role in meeting the needs of small and mid-size businesses in all 50 states and Canada through a range of offerings including Equipment Leasing, Working Capital and Merchant Services.
Innovative Lease Services, Inc. (ILS) was founded in 1986 and headquartered in Carlsbad, California. ILS is accredited by the Better Business Bureau, a longstanding member of the National Equipment Finance Association (NEFA) and the National Association of Equipment Leasing Brokers (NAELB) organizations, and is the official financial partner of Biocom.
For more information on how Innovative Lease Services can serve your business needs, visit the ILS Website or contact Innovative Lease Services at 1-800-438-1470.