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LeaseQ, OnDeck Partner to Provide Equipment Financing and Working Capital

March 31, 2014, 07:00 AM
Filed Under: Industry News

Equipment leasing and financing marketplace LeaseQ announced their partnership with financing company OnDeck in order to further assist small businesses get the working capital they need to grow. LeaseQ will continue to work closely to supply the leasing and financing for the equipment needed to run businesses through Its One Touch Platform, while OnDeck will help to provide those same businesses with flexible, short-term working capital loans to take care of all other expenses.
Since late 2012, LeaseQ’s breakthrough leasing and financing shopping platform has enabled businesses to quickly and easily acquire the equipment they need to run their businesses. However, many businesses need flexible short-term working capital loans to take care of the other expenses and capital improvements in order to continue their operations and grow. The newly announced partnership with LeaseQ and OnDeck will allow businesses to both get the equipment their business needs as well as the financing to cover ongoing expenses and other capital investments many businesses require.

The recently announced partnership enables LeaseQ to work even more efficiently with businesses of all sizes, regardless of specific need. Through its network of equipment manufacturers, dealers and its network of financial service partners, LeaseQ will continue to serve the small and midsized leasing market while OnDeck will continue to provide real business loans while serving over 725 industries.

Said LeaseQ Founder and CEO Vernon Tirey, “Our recent partnership with OnDeck enables businesses to not only acquire the equipment they need but OnDeck can provide the same businesses with quick funding in as fast as one business day with loan amounts varying from $5,000-$250,000. Here at LeaseQ we are thrilled to be able to serve our customers even more completely with this partnership”.
The easy to use and intuitive online platform at LeaseQ helps businesses of any size acquire the best equipment financing rates from top lenders through its network of US-based financial service companies. Even for small businesses with challenged credit, LeaseQ is able to find the best financial solution to suit almost any financial situation while continuing to help fuel the current domestic economic turnaround.
When a business leases through LeaseQ, the One Touch Platform enables businesses to save thousands of dollars and valuable time by simplifying and oftentimes complex process. The business owner benefits by acquiring the equipment they need with affordable financial terms while the equipment dealer benefits as well – enabling them to sell more equipment. Financing lenders get highly qualified lease and loan applications making the platform at LeaseQ a true “win-win” for all parties involved. And with the recent partnership with OnDeck, businesses and not only acquire the equipment they need to run their businesses but are now able to acquire capital loans with terms and costs that are both transparent and understandable.

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