Computer server financing can include computer hardware, software, installation, and training.
While a good portion of the related costs can be soft costs, or intangible assets in form and description, computer equipment financing is still available to most small and medium sized business owners and managers.
In fact the available sources for computer hardware and software financing has grown in recent years with more equipment financing companies adding this type of lending and/or leasing to their portfolios.
The reasons for this are several.
First, for amounts under $50,000, many small ticket lenders can approve financing based on credit and cash flow and do not have to be overly concerned about the resale value of the asset in the event of default.
Second, computer servers and other computer assets are essential parts of business operation today, making it one of the last things someone is not going to make their payments on.
And third, because of the ongoing changes in technology, each borrower or lessee is likely to be a repeat customer in the future when more hardware and software are required.
With computer server financing along with other forms of computer hardware and software, the term of financing may be slightly shorter than with other types of assets, and certain lenders may also require larger deposits than they would on other types of assets.
But regardless of the scenario, there is an excellent chance that computer server financing can be arranged for your company.
If you have been in business for at least three years and have a positive cash flow, then computer financing is very likely for your business provided that you also have good credit to draw on.
For businesses that are newly formed or still in a start up phase, items like computer servers can still be financed, but the credit approval is going to rely more on the strength of the personal guarantees and credit profiles of the business owners or major shareholders of the business.
Computer equipment financing requests under $25,000 can many times be approved based on credit alone. So with the number of equipment financing companies out there that finance computer assets, its also very possible to spread your purchases around to take advantage of the credit that is available to you collectively versus focusing all your needs with one lender.
That being said, for well established businesses with solid cash flow, computer server financing can be arranged in amounts well over $100,000 and even over $1,000,000.
If you have a specific computer server financing requirement, I suggest that you give us a call so we can do an immediate assessment of your situation and provide financing options that meet your needs.