The funder’s Select Partner Program of Costar Capital allows a wide selection of businesses from diverse market segments to maximise their business opportunities by offering them individually tailored and tax-effective financing.
When first discovered, Costar Capital’s funder provided finance solutions relating to the IT sector, including mainframe and mid range servers, storage devices, routers, hubs, switches and computers. Over time, the variety of asset classes’ finance has expanded to include office equipment (such as printers, faxes and photocopiers), medical and veterinary equipment, security systems, point-of-sale requirements, business machinery, audio/visual equipment, material handling equipment, telephone/VoIP systems and more.
The value of equipment and machinery finance can greatly vary. The breadth of equipment coverage is further complimented by the diversity of Costar Capital’s target market, which includes consumers to small businesses, corporations, specialist industries and governments.
By offering business customers a tax effective operating lease/rental solution, Costar Capital helps a stock become more affordable and reduces the pressure a company may feel to discount a stock, which increases product margins. A low weekly payment of $44 (over 36 months) is easier to sell and more manageable for customers than an initial 100% payment of $6000.
With Costar Capital, companies receive their full payment faster. They do not have to wait 30 days because of customers’ invoice payment cycles, and they do not need to chase delinquent accounts.
Offering a finance option allows businesses to focus on their customer’s needs, and not simply on how much a customer can afford today. It also permits the bundling of other items into the sale, reduces the sales cycle and moves more inventory.