The more knowledge our customers have, the more they can appreciate the value of our Lifespan approach.
Q: How can I finance my company's equipment needs?
A: Your company's equipment needs can be financed either through a venture lease or a venture loan. A venture lease is an equipment lease and a venture loan is an equipment loan. Equipment leases and loans are contracts that allow your company to use or own equipment and finance them over a period of time through monthly payments to us.
Q: Why should my company finance equipment?
A: Venture leases and loans complement the equity venture capital raised by your company, thereby extending the time needed until your next round of financing. Venture leases and loans allow your company to improve its cash flow by acquiring or using equipment with a smaller upfront investment and by paying for them over a period of time. In addition, venture leases and loans allow your company to pay for the acquisition or use of equipment with “tomorrow's” money – i.e. money raised from future equity venture capital rounds.
Q: Why should my company use a growth capital loan?
A: Growth capital loans complement the equity venture capital raised by your company, thereby extending the time needed until your next round of financing. Unlike venture leases or loans, proceeds from growth capital loans may be used for any corporate related purpose.
Q: What types of equipment can be financed?
A: Any type of equipment can be financed. Typically, venture leases and loans are used to finance computers, laptops, test equipment, computer peripherals, telephone and voice-mail systems, shop equipment, multi-media systems, office furniture and systems, photocopiers, and large volume printers.
Q: Do I need to know all the equipment my company wants to finance up front?
A: No. Our venture leases and loans are structured as lines of credit allowing you to acquire or use equipment as you see fit in the future. Our venture leases and loans, however, are available for a specified period of time and have a maximum commitment amount.
Q: What are the differences between venture leases and venture loans?
A: With venture leases, we own the equipment and we rent it to you. At the end of the term of the venture lease, you have the option to purchase the equipment from us, return the equipment to us, or to continue to rent it from us. With venture loans, you own the equipment at all times, but pledge it to us as collateral. At the end of the term, you do not have the option to return the equipment.
Q: How should I determine whether my company needs a venture lease or a venture loan?
A: When deciding between a venture lease and a venture loan, you should ask the following questions: 1) How long do you plan to use the equipment? 2) What do you intend to do with the equipment at the end of term? 3) How important is it to your company to have the most current equipment? 4) What is your company's current tax situation? 5) What is your company's current cash flow situation? 5) What are your company's specific needs as they relate to future growth?