Software Financing for Small Businesses: Financing Software
Providing the best advice and resources to small and medium-sized businesses looking for software financing solutions.
Software Financing for Small Businesses
As a business owner, you’re always looking for ways to improve your operations and grow your bottom line. One area that you may not have considered is financing software. By financing software, you can get the tools you need to improve efficiency and productivity without breaking the bank.
There are a few different options when it comes to financing software. You can finance the software outright, lease it, or enter a subscription agreement. If you’re looking to finance your software needs for long-term use, Charter Capital can help lighten the cost burden.
Our team has been helping small businesses finance software, equipment, and other things necessary for ventures to grow and thrive. We have seen our clients flourish and succeed over the last 40 years, and we look forward to doing the same for you. If you are looking for expert advice on software financing and anything related to funding your operations, talk to our experienced financial brokers at Charter Capital.
Some of the types of software that we’ve financed in the past include:
- Accounting and bookkeeping software
- Inventory management software
- Customer relationship management (CRM) software
- Enterprise resource planning (ERP) software
- Project management software
- Business intelligence software
- Restaurant management software
- Property management software
No matter what type of software you need, our team can help you find the financing solution that fits your business. We understand that every business is different, which is why we tailor our financing solutions to each client.
At Charter Capital, we want to see your business succeed. Contact us today to learn more about our financing options for software and other business needs.
Some of our customers...
- are interested in the lowest rate.
- are interested in a specific tax treatment.
- want to avoid breaching existing lending covenants.
- are interested in the longest term.
- are interested in getting reimbursed for equipment they have already paid for.
- want seasonal or other cyclical structures.
- want to finance software.
- want us to give the seller a deposit before the equipment is shipped.
All of our customers want a fair deal at a fair price and no surprises.
Why Go Into Software Financing?
There are many reasons why financing software can be a good decision for your business. For one, it can help you get the tools you need to improve efficiency and productivity without breaking the bank. In addition, financing can help you keep up with the latest technology trends and stay competitive in your industry.
Another reason to finance software is that it can help you preserve working capital. By financing your software needs, you can free up cash that can be used for other areas of your business. Lastly, financing can help you manage your expenses better by allowing you to spread the cost of the software over time.
No matter what your reason is for financing software, Charter Capital can help. We have a long history of financing software for small businesses and can tailor a financing solution to fit your needs.
How Much Does Financing Software Cost?
The cost of financing software will depend on a number of factors, including the type of software you’re financing, the term of the financing, and the interest rate.
For example, financing accounting software may cost you $5 per month per user, while financing inventory management software may cost you $10 per month per user, depending on the features included. If you have a company of 20 staff, financing accounting software would cost you $100 per month, while financing inventory management software would cost you $200 per month.
If you purchase the software outright, you’ll also need to factor in the cost of the software itself. For example, accounting software may cost you $1,000, while inventory management software may cost you $2,000, not including the hardware that goes with them. Hardware costs can range from a few hundred dollars to a few thousand, depending on the type of software and the company’s needs. An entire suite of restaurant management hardware, for example, may average around $2,500.
How To Qualify for Software Financing
At Charter Capital, we have a simple financing process that makes it easy to get the financing you need for your business. We understand that time is of the essence, which is why we make financing software quick and easy.
To qualify for financing, you’ll need to submit a signed credit application, provide copies of the last three months’ summary pages of your business bank statement, send a description of the software or hardware you want to finance, and a brief overview on the seller. We provide leases and loans for general business equipment and technology ranging from $10,000 to $150,000. We also offer other financing options up to $1 million.
Connect with Charter Capital and apply now.