A recent outage of an international content delivery server caused major disruptions to multiple businesses on a global scale. It was only a short outage but it was certainly not an uncommon issue which businesses need to be aware of on a daily basis. A cyberattack on a US company shut down a major Australian meat processing plant in the same week. Cyberattacks, denials of service and ransomware incidents are impacting even the most security-conscious organisations. Apart from external risks and threats, businesses need to ensure their own internal tech, IT and computer equipment and systems are up to scratch and suited to the purpose.
Our reliance on technology for many aspects of running a business has become even more prominent during the coronavirus pandemic. With many workforces transitioning to a work from home arrangement, attention has had to be made to connection security for communications and operations. Another response to the pandemic has been the surge in online shopping and an increasing number of businesses offering online services to meet demand.
As we become more reliant on technology so does our need to stay across upgrades, updates and replacing ageing, obsolete and risk-prone equipment. But the cost to the business of upgrading and replacing complete IT systems can be a major investment. While the Australian economy has bounced back remarkably well from the initial effects of the pandemic, many businesses are still recovering financially.
To assist business operators with the costs of computer and IT equipment, we provide competitive rate equipment financing which includes a complete portfolio of financial products and the expertise and high-level skill of our team of finance professionals.
We have an in-depth and specific understanding of the tech needs of business, having operated our finance services on an online system for over 20 years. We fully appreciate the requirements of business operators in getting new systems up and running fast and acquired with business loans that will work with their operation over the life of the equipment and beyond.
Equipment Financing
While many may think only the actual hardware components of IT systems can be financed, you would be wrong. We provide technology financing for both the hardware and the software involved in replacing, upgrading or acquiring new and computer systems.
We provide finance for a wide range of computational and tech-based systems, both purchased as stock items or customised to suit the business requirements:
- Security systems both within computer equipment systems and externally across entire facilities.
- Digital and computer systems to operate manufacturing and processing.
- Accounting and financial software.
- Online shopping systems.
- General business operating IT equipment and systems.
- Retail and hospitality POS.
- Multimedia systems for entertainment and surveillance purposes.
- Precision engineering and design equipment and systems.
- 3D design and printing.
And many others across all industries.
When the equipment being purchased is considered as suitable security against the loan, businesses can select the finance type that best meets their requirements:
- Equipment Leasing
- Computer and Tech Equipment Chattel Mortgage
- Rent to Own finance for IT Acquisitions
- Commercial Hire Purchase for Computer Equipment
As off-balance sheet finance facilities, Leasing and Rent to Own can be well-suited to finance equipment that is required to be replaced with upgrades on a fairly regular basis. Chattel Mortgage can better suit those purchases which a business chooses to hold as an asset for a longer period. Business owners are strongly advised to consult with their accountant on the choice of loan type.
Equipment Loan Products to Suit all Businesses
We work with all types of business operators including SMEs, sole traders, partnerships, large corporates and family businesses. Our same cheap interest rate finance portfolio is available for all set-ups.
For businesses just starting out, getting IT and computer systems up and running tends to be the first priority. But most new operations do not have all the documentation that banks and some lenders require to apply for a business loan.
We provide a specialist service for operators in that situation with our Low Doc and No Doc Equipment Loans. Not all lenders offer loans to low and no doc applicants but we have accreditation with lenders that do and that provides us with the ability to source cost-effective low doc solutions.
Planning Your Equipment Finance
To get your budgeting underway, we have provided a self-serve finance calculator which allows users to calculate repayment estimates. The Equipment Finance Interest Rate Table shows our current rates across a range of loan types so users can instantly compare say Leasing with Chattel Mortgage. While our Equipment Finance Repayment Calculator includes a field for a balloon so you can vary the values to see how you would like your finance structured.
If you’ve had enough of suffering through disconnects and outages, connect with us to discuss how we can facilitate a workable finance package for you to overhaul your IT and tech systems.
Contact 1300 000 003 for quotes on IT and computer equipment lending.
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR
