Small businesses know that staying competitive means staying current with software that will drive efficiency and extend product offerings.  Innovative products such as virtualization software can even extend the lifetime and efficiency of existing hardware, allowing companies to avoid costly equipment expenditures.

Unlike hardware, software does not retain residual value.  Because of that some lenders may be more reluctant to participate in small business software financing at all, or offer unattractive terms. Especially when software is not purchased as a bundle in a hardware package, many customers report that the software financing process is difficult and complicated through normal financing channels.

Funding District has partnerships with over a dozen specialized sources that will finance even the largest of software purchases.  These partners understand that capital invested in hardware is useless without the right software.  And as mentioned above, software can even be a means to save capital expenses, strengthening a business’s overall position.

Another way for software financing to benefit a small business is to spread out payments and preserve working capital and credit lines for other uses.  Leasing, for example, can account for software acquisition off the balance sheet and shorten the sales cycle, which shortens time to market.  Even a cash-rich company may find leasing an appealing option.  The software can pay for itself over the duration of the lease or loan.

Funding District connects businesses with lenders that offer small business software financing as a comprehensive solution to software, services, maintenance and total software investment needs.  Loan, leasing, and SaaS options are all part of the products Funding District lenders provide.  Finding the right small business software financing product can position small businesses for long-term success.

For consideration, please fill out the following Software Financing Application and fax to our office at 913-562-5699.