It’s been a busy start to the year for us at Fidelity Capital. Not only have we ramped up our sales staff, but we have also recently introduced a completely new product: Project Financing.
The idea behind Project Financing is simple. Rather than financing a specific piece of equipment, we help you secure the funding you need to complete your next major project.
Fidelity Capital is able to finance or lease any type of project, whether it’s for installation, implementation, software development, maintenance contracts or otherwise. This even includes projects that require a 12- to 18-month period for equipment purchases.
Therefore, if your company is in a cash flow crunch because of hefty bills or any other reason, you still have the ability to get your projects completed well and on time thanks to these project financing services.
First quarter roundup
Beyond just the introduction of this new service, it’s an exciting time in general at Fidelity Capital. We continue to see steady growth in the fields of manufacturing, technology and transportation equipment leasing.
As we move into the second quarter of the year, our goal is to diversify our portfolio with all types of industries, such as medical, technology, manufacturing, transportation and more. Two of our biggest clients are in the biotechnology industry, which is a relatively new realm for us but one that is rapidly growing.
It is exciting to see all of the opportunities that business owners have to grow their businesses and find success. In fact, growing a business in this market has become easy so long as you work with the correct financing partner. We’ve truly come a long way from the Great Recession!
Contact us today at Fidelity Capital for more information about our project financing or equipment financing and leasing services. We are pleased to answer any questions you have.
Fidelity Capital is pleased to provide a wide variety of equipment financing services to clients in all sorts of industries. For smaller companies especially, these services can be of great use for helping to promote business growth. However, smaller and newer companies are also less likely to have experience in financing equipment, which means they tend to have a number of good questions about equipment financing.
Here are some of the most commonly asked questions we receive about equipment financing, and a bit of helpful information in response to each:
Q: Who finances their equipment?
Approximately 85 percent of all businesses either finance or lease their equipment. These businesses range from Fortune 500 companies to mom-and-pop corner stores in small towns. Just about every company can benefit from equipment financing somehow.
Q: Why do companies choose to finance equipment?
Most of the time, it’s because it makes the most financial sense. For one, financing equipment allows businesses to save a good chunk of their cash flow for other important business expenses. For example, it can be hard to engage in effective marketing when you have to sacrifice your cash flow for paying for equipment.
Q: What type of equipment can I finance?
The growth of the financial industry has allowed us to expand finance implementation. We currently offer financing services for dental and medical equipment, construction equipment, transportation equipment, cloud computing equipment, manufacturing equipment, technology equipment, software and much more. Ask our team about whether we can assist you with the specific pieces of equipment you need for your company.
Q: How much can I finance without financials?
Currently we are seeing application-only approval up to $500,000. This gives us plenty to work with for most of our clients.
If you have any additional questions about equipment financing, we encourage you to contact us. We are happy to work with you to figure out the best strategies for getting the equipment your company needs at a reasonable price.
Cloud software, often referred to as Software as a Service (SaaS), is a relatively new software distribution model that has become extremely popular within the last couple of years. In a cloud software model, vendors or service providers host their applications online and allow people to use the software through a monthly subscription, rather than paying full sticker price to own a copy of the software.
This model comes with several inherent advantages, the biggest of which is flexibility. When you own a copy of a program, that application is then bound to the computer you installed it on. However, when you become a subscriber to a cloud software service, you are able to access the software from anywhere with an internet connection. This increases mobility and accessibility, which is especially important for larger companies or companies whose employees regularly work remotely.
Today, there are a wide variety of different applications available in a cloud software model. Here are a few of the most popular:
- Salesforce (www.salesforce.com): Salesforce offers a customer relationship management (CRM) product that gives companies an ability to connect to their customers in new, much-needed ways. As a form of CRM software, its primary elements include sales force automation, opportunity management, growth prediction, development and maintenance of client relationships, direct online communications and other services to help create a stronger overall customer experience.
- Office365. There are so many businesses that regularly use Microsoft Office programs such as Word, Excel, PowerPoint, Outlook and more. Now, Microsoft packages those services into Office365, a subscription-based cloud software model allowing people to get different levels of online access to these products.
- Adobe Cloud. Adobe has put many of its most popular features into a cloud-based model. The Adobe Creative Cloud, for example, contains such programs as PhotoShop, LightRoom, Premiere Pro, After Effects, Illustrator and more. Adobe’s establishment of a cloud-based software model has been one of the biggest influences in it becoming such a popular method of software distribution.
- SugarCRM. Another CRM system, SugarCRM allows for mobile CRM, social CRM, customer support, marketing campaigns, salesforce automation and other elements. SugarCRM is one of the more popular CRM tools available on the market, with will more than a million active users.
- Microsoft Dynamics Exchange. Microsoft now allows users to set up their Dynamics CRM online. When used in conjunction with Office 365, users can route CRM email through Exchange Online. The result is a more streamlined CRM experience.
Fidelity Capital offers leasing and financing services to help you get set up with the cloud software of your choice. For more information about the benefits of this model and how to get started, contact our team today.
