Keeping abreast of technology advances in any industry can be a major occupation. Regularly updating, upgrading and upskilling new tech into your business can be a major financial consideration. Jade Equipment Finance eases the burden on business of upgrading to new technology with our low equipment finance interest rate commercial loan products.
Choosing the Right Loan
Jade offers a comprehensive range of commercial finance solutions for the purchase of technology leasing which are applicable across all industries.
Choices include Chattel Mortgage, technology equipment lease, Equipment Rental and CHP. We recommend clients consult with their accountant over the choice, as it will depend on your accounting method, financial objectives and balance sheet approach.
However, if you are in an industry that is continually releasing new developments and you need to regularly upgrade your technology to keep up with your competitors and your customers, then a lease or rental may be most suitable to your business.
Your Jade consultant will explain the different features of each commercial loan product so you are fully informed.
Long Term Fix
Unlike technology which is constantly changing, your Jade Technology Equipment finance deal won’t change over the life of the loan. The interest rate is fixed at the time that you accept our quote and remains at that rate for the term of the loan.
The loan term also remains fixed. From 2 years up to 7 years for some loans on high value goods from some lenders.
Your monthly repayment also remains fixed for the term of the loan. No need to upgrade and update. The amount that is agreed to in your finance contract remains fixed over that term, so you can plan your cash flow and expenditure accordingly.
The actual purchase of new technology equipment can be just one part of a much larger and more costly process. With complex tech or large equipment installations, the cost of installation and commissioning can be significant and then there is the training element. Depending on how many staff you employ, that can also be a major consideration.
Your Jade consultant may be able to assist by including these additional expenses in your overall technology equipment financing deal. Don’t forget to discuss that during your call.
Jade are specialists in all aspects of business financing and ready to organise your tech finance deal today.
Speak with a Jade Equipment Finance Consultant to discuss a financing solution for your technology leasing purchase. Call 1300 000 003