Computational Finance – Loans for IT Equipment and Servers
Businesses rely heavily on their IT and computer-generated systems to carry out many processes and procedures in their operation and especially for data storage, communications and IP security. Computational equipment is essential as is staying up to date with the latest versions, new generation developments, upgrading devices and tech. IT and its ancillary fields are arguably one of the fastest moving industry sectors with regular announcements of new breakthroughs and advances. Acquiring new computational equipment can be a considered investment decision. Jade makes that decision-making process much easier with cheap interest rate finance on IT, tech and associated equipment finance.
Lending options are available for all types of businesses from small micro-businesses, sole traders, partnerships, SMEs and large corporations. Commercial options can select from a range of loan products to suit their business set-up, financial objectives and their approach to accounting methods, GST, tax deductions and balance sheet.
Lending products include:-
We have detailed the features and benefits of each of these loan types individually to allow a thorough consideration by our customers. In general, they all offer a tax deduction benefit but in varying ways. Leasing and Rental are typically preferred by businesses that do not want the equipment listed on their balance sheet and/or are looking to upgrade the equipment in a shorter timeframe. Chattel Mortgage is a very versatile lending option and suited to businesses looking to retain ownership of their purchases. Speaking with your accountant is strongly advised to ascertain which is best suited for your business.
When sourcing for lending opportunities, our consultants cover our vast lender panel to secure you the cheapest lending offers that best meet your commercial specifications. To discuss how we can assist you, just give us a call or request a quote.
No Doc Computational Finance Options
For businesses start up, setting up the necessary IT systems is often a high priority. But new businesses have rarely had time to trade and as such don’t usually have accounts records, tax returns and BAS statements. That is, they have no docs! And docs are what is required to complete the standard application for business finance with many banks and lenders.
We offer options for no doc loan applications through our non-bank lenders. These lenders are structured to provide more flexible loan options, especially for businesses without all the necessary docs.
What is required is a current ABN and ID and a good credit profile. If these requirements are met, applicants can select from our range of loan products available for their finance. Read more about our Low Doc Equipment Loans or contact us to discuss tailored solutions for your purchase.
Low Docs IT and Computational Equipment Loans
Low Docs applicants are businesses that have some but not all the financial documentation that is requested to complete a standard business loan application. This documentation can include income tax returns, BAS statements, profit and loss statements, annual company accounts and other verifiable financial records of the business trading activity.
When a business is in the early stages of its existence, possibly even just setting up, it’s logical that it would not have accumulated all those records. Many lenders also require a business to have been trading for 12-24 months to be eligible for business loans.
These requirements can create challenges for businesses that need to acquire IT, server and other computational equipment. With so much business activity being handled online, it is a no brainer that a business needs these basics in order to operate.
We deliver affordable, cost-effective low doc equipment loans for computer, IT and associated equipment purchases through our non-bank lenders. Our vast accreditations enable us to source suitable finance to empower our customers to set-up, operate and expand their operations.
To find out how we can assist your business with a low docs loan, just call or request a quote online.
Easy Access to the Best Interest Rates on IT Equipment Financing
The interest rate is different for each of the loan products available for equipment purchases – Chattel Mortgage, Leasing, CHP and Rental. This reflects structural aspects of the finance facility and is standard across the lender sector. But while interest rates differ within the range of loan products, we achieve cheaper rates across the entire range.
Better interest rates define our business and can define your next equipment purchase. We achieve these rates as a result of a combination of factors – our drive and determination, our sharp negotiating skills, our vast lender accreditations, our extensive experience and financial industry expertise and our strong bargaining power with selected lenders. We utilise our own high tech computational resources to analyse which lenders are offering the best deals in which sectors at any one time. Financial providers will vary their rates based on a range of factors and having immediate access to trends and movements in the market is an important aspect of our service.
To see the different rates that we are currently achieving on lending refer to our equipment finance interest rates. In this chart, we have listed all our commercial lending facilities and the corresponding interest rates. Calculate your estimated repayments with this chart or call for a specific quote.
Calculate Your Repayment Estimates - Computational Finance Calculator
As part of our comprehensive equipment lender service, we have provided a range of loan tools to assist our customers to plan and structure their requirements. The main tool is our Equipment Finance Calculator. This is a self-serve, online device, which is accessible from most devices with an internet connection. This means you can use it to plan your loan whenever suits you.
The calculator has fields for the total loan amount, loan term, interest rate and balloon. The loan amount can be 100% of the equipment purchase price as we offer no deposit finance. The interest rate to enter will be our current rate on the type of lending you want. The balloon is the amount of the loan that is set aside for payment at the end of the term.
Simply enter the details of your loan and you receive an estimated repayment. Ideal for working up pre-purchase budgets, deciding which manufacturer you should go with and deciding what percentage balloon and what loan term you would like. Head to the calculator to work up estimates.
Speak with a Jade Equipment Finance Consultant to discuss a financing solution for your computer and IT equipment. Call 1300 000 003