Because technology systems sometimes require significant working capital, we offer finance options. Link has solid relationships with several finance companies that specialise in financing technology, but you can also use your preferred finance company: just be aware that not all finance software or installation costs.

Why finance?

 It spreads the cost of your equipment over its useful life, resulting in predictable and lower expenditure. Financing also provides tax advantages; flexible upgrade options, and the benefit of the latest technology to improve business without upfront expenditure. Financing terms can be 12, 24, 36, 48 or 60 months, and it’s your choice whether to lease or rent:  there are big differences between leasing and renting technology, as outlined below:

• Leasing Technology Systems: When you lease technology equipment, you are committing to ownership of it at the end of the lease period. Monthly payments are higher than a rental agreement, because each payment increases your ownership in the equipment. Often the equipment has an agreed lease value for the end of the contract, at which point the business will pay the difference and choose to either sell or keep the equipment. Leasing is best for businesses that are committed to end ownership.

• Renting Technology Systems: Under a rental agreement, ownership in the equipment does not transfer to your business (monthly payments can be treated as pure expense). At the end of the rental contract, businesses can choose whether to:

• Purchase the rented products at a nominal value

• Continue to rent the existing technology equipment

• Upgrade to a newer technology system

• Return the goods

Your LINK consultant will provide independent advice on your financing options, however we recommend you also talk to your business accountant before making any decision.