Fidelity Capital, a leading provider of a wide variety of lending services, released its fourth quarter results, which indicate a surge in lending in certain industries.
Fidelity Capital had its busiest fourth quarter ever in 2017, and so far business has not slowed down at all in 2018. The company has seen a particular uptick in manufacturing equipment and technology equipment leasing deals, markets that currently have credit windows that are wide open and businesses that are taking advantage of those windows.
“The pace at which we are currently going, especially in the fields of manufacturing and technology, might give us the best year of our company’s 19-year existence if it keeps up,” said Alan Eppstein, Account Executive at Fidelity Capital. “We don’t see an increase in interest rates for Fidelity Capitals internal line. Plus, the application-only amount companies can request has increased across the board. The technology sector has increased the most, with manufacturing right behind it, and neither shows any signs of slowing down.”
Professional services and software as a service (SAAS) have also been hot fields in the final months of 2017 and beginning of 2018. More and more companies are taking advantage of professional service and SAAS financing services with Fidelity Capital. These products are easy to access and cost effective for all types of small to large companies looking to save up money to cover other business needs (such as marketing and equipment), or companies that simply do not want to spend a lot of money at once.
The current state of the economy has a lot to do with the increase in lending across the board (and these industries in particular). The new tax cuts for businesses recently signed into law will only help with growth potential, as lowered corporate tax rates will give these businesses more cash flow availability, allowing for new equipment purchases.
“Right now, the attitude in the lending industry is ‘get it while it’s hot,’” said Eppstein. “Right now, the market is as hot as can be, but as history tells us, it will not stay this way forever. Companies that have been waiting for the right time to make an investment in their business with an equipment loan would do well to investigate that option now.”
For more information about Fidelity Capital and its services, visit the company’s website, www.fidelitycapitalonline.com.
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