the dollars and $ense of financing your technology project
TRANSCRIPT
The Dollars And $ense of Financing Your Technology Project
Presented by Dean Morrison
Perspective
https://www.youtube.com/watch?v=Chrtv1CM4_Y&list=PLW6wZGz-Y6pauz6UqGRSoiKnULVAlVhN4&index=6
Introducing Summit Funding Group…
…Specialists in financing Technology Solutions/Technology Projects
Experience Counts!
23 Consecutive Years of Profitable Operations
Covering Entire USA with Extended Reach into Canada
4A1 D&B Rated Financial Institution
Highly experienced support team
Member Equipment Leasing & Financing Association (ELFA)
The Benefits of Financing Your Technology Investment….and there are many!
Increased reliance on technology products and services helps your business achieve
their goals.
However, your business must balance capital investment against the need to control expenses and contain costs.
Financing will help….and at the same time provides your company with a variety of
important benefits.
What Can Be Financed?
All Hardware/Appliances Hosted or on Location
All Third Party Products: Hardware and Application Software
All Implementation Costs
Multiple annual maintenance/service/support contracts.
All Software. Cloud/Web/Hybrid/SaaS/Traditional License
All Training Costs
Customization/Consulting/Design Costs✓
✓
✓
✓
✓
✓
✓
1
2
3
4
5
6
7
Essential Benefits
Preserve Cash Flow and Working Capital Reserves
CARE Asset Mangement Tracking Tool
Reduce Upfront Expenses
Conveniently Bundle All Project Costs Into One Monthly Payment
Conserve Bank Lines of Credit
Flexible Structuring Options
Section 179 Tax Benefits✓
✓
✓
✓
✓
✓
✓
1
2
3
4
5
6
7
Convenient, Simple, Easy
Simple Credit Process
Bank Commensurate Rates
Creative Financing Programs
Extended Terms
Match Monthly Expense to Monthly ROI
Upgrade and Refresh Technology to Avoid Obsolescence✓
✓
✓
✓
✓
✓
1
2
3
4
5
6
ROI Example
Finance Vs. Bank Loans
Finance Vs. Purchase
Financing: Slight Impact on Cash Flow because small monthly payments are made over time.Purchase: Negative impact on Cash Flow Resulting from one large upfront payment
Financing: Easier upgrading on Master Lease Contracts.Purchase: Owners responsible for Disposal/Sale of outdated technology.
Financing: Financed assets are expensed, off balance sheet treatment improve key financial ratios.Purchase: Owners must manage asset liability on books. Accounting standars require asset with corresponding liability on balance sheet.
Here To HelpYour Summit Finance Team
John [email protected](M) 954-232-6308
Dean [email protected](M) 954-224-3390
Summit Funding Group 9900 W. Sample Rd.
Suite 210 Coral Springs, FL 33065
www.sfgvendorfinance.com 888 - 470- 3902
https://www.youtube.com/watch?v=0mW5Q_py3cw&list=PLW6wZGz-Y6pauz6UqGRSoiKnULVAlVhN4&index=5