What is the best way to get finance for software?
As a small and new business part of what I do requires a software product that I pay for at moment. I want to finance the software and stretch it out of a few years instead of the payment plan of 12 months that I am on now, has anyone had any experience in getting software finance and what are the best ways to approach getting it? Is there any finance companies that specialise in software finance?
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Phil Joel ,
Director at SavvySME
Shaun, what I know is that many large software / hardware companies such as Microsoft, Oracle, Intel, etc can potentially offer financing to their customers if the solution includes their products. Your product appear to be very specialised so somebody like Flexirent is unlikely going finance it.
I did find this other link which could be worth investigating:
Wendy Huang ,
Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes
I'm not 100% on any companies that finance software, however I've noticed that a lot of the major software providers are starting to charge a monthly charge and it includes all the updates that you'll need.
One of the companies that I recently discovered doing it (even though I may be late to the game) is adobe. They Creative suite has always been exorbitantly expensive by they are doing more cost effective pay by the month solutions.
Is there any particular product you are looking for? My guess is your after an industry specific and specialised software product. Sorry I can't help much here!