The CBA future index study showed 80% of business are bullish, so it’s time to push ahead with finance for machinery.
The stars are aligning for a confident start to 2013, according to the CBA Future Business Index. The study showed that 8 out of 10 businesses expect conditions to improve or at least remain the same for the next 6 months, compared to the previous quarter.
Small businesses are becoming more confident and better prepared for the future, and more likely to see growth opportunities. We believe this confidence should logically flow through into increased demand for equipment finance as businesses seek to increase production efficiencies by acquiring more advanced technologies and equipment.
Finance for machinery will become even more attractive with talk of the official cash rate drifting down as low as 2% by the end of the year. Such positivity is tempered by the CBA report’s findings which indicated that mid-market organisations will continue to focus on cost reductions. Of course the truly smart businesses will be those who make their own luck in 2013, and seize the opportunities created by a world economy that’s improving and historically low interest rates, to work towards greater prosperity.
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