Keep Up With the Latest Information Technology.
Information technology (IT) has become a vital component for Adelaide business success. With technology advancing at such a rapid pace, it’s important you keep up with how technology can make your business more profitable.
Houston Finance understands the technology needs of Adelaide businesses, arranging technology equipment finance that allows you to buy the technology you need to suit your cash flow.
What Can Be Purchased With Technology Equipment Finance
The most popular pieces of technology financed are listed below, but the list is endless, so if there is a piece of technology that you would like to buy for business use that is not listed, we’re confident we can help you purchase it with the technology finance we can arrange.
- Desktop computers
- Mobile Phones
- Server Equipment
- Multifunction units
- Data projectors
- Networking equipment
- Phone systems
- Software programs
- Smart televisions
- WI Fi equipment
Features of IT Asset Finance
Asset Finance agreements can be structured to meet the needs of most Adelaide businesses.
- Tax Deductible
Depreciation on the equipment and the interest component of the repayment may be tax deductible if it is used to produce assessable income or the expense is necessarily incurred in carrying on a business. Speak to your accountant for further information about tax benefits.
- No Deposit Finance
Technology equipment finance can be arranged with no deposit or an amount that suits you. The technology being purchased is normally sufficient security for the finance so your other business assets are not required as security. Tailor the repayments to suit your cash flow. You can also arrange to make a balloon payment at the end of the finance term to reduce repayments throughout the term. Balloon amounts can be rolled over into another equipment finance loan as you upgrade your technology, keeping pace with advances.
- Flexible repayment options
1 to 7 year loan terms are available. You can make payments monthly, quarterly, semi-annually, annually, seasonally or irregular. You have the flexibility to repay the contract in full before the term ends; an early termination fee will apply. Payments can be made from your nominated bank account, by direct debit or via BPAY.
- Fixed Interest Rates
Interest rates are fixed once your asset finance agreement starts, so you’ll always know what your repayments will be, making budgeting easy.
Lending Criteria For Technology Equipment Finance
Lending criteria does vary from lender to lender, but as a guide, consider the following as required.
- Asset finance for purchasing technology equipment can be from $10,000 to $100,000, depending on the strength of the application,
- You will need an ABN/ACN that has been in existence for at least 12 months,
- Applicants must be asset backed (home owner or mortgagor), or an existing ‘A’ rated customer with a financial institution,
- Net outstanding credit (including this loan) must be < $500,000,
- Credit file must show no defaults.
2 ways to Apply For Technology Finance
The fastest way to get an answer for finance is to complete our easy application form online. You even have the ability to attach files from your computer.
The easy way to apply for finance is to request a call back. Leave some details and we’ll call you back to complete the loan application over the phone.