Technology Financing in Colorado
Get Technology Funding When You Need It.
The secret of effectively managing a tech business is leveraging up-to-date technology and staying ahead of the curve. While this is a challenging task for small and medium businesses, holding on to outdated technology can hurt your competitive edge, leading to inefficiencies. This is where technology financing can play a crucial role by providing financial support and helping you to conserve cash. In Colorado, there are low-interest financing options curated to offer the support your company needs to discover the right technical solutions for success.
Supporting the technological needs of growing Colorado businesses.
The thriving tech ecosystem in Colorado is a significant economic contributor that makes the state a growing hub for tech-related jobs. From innovative companies to established businesses, Colorado actively supports the steady growth of the technology sector. This, in turn, benefits all communities. We understand this industry and work closely with big and small tech businesses to boost innovation infrastructure through affordable technology financing. Our dedicated financial support teams empower tech brands to address key challenges and strategically implement their vision while striving towards growth.
How to Use Technology Financing
With a huge array of technological and software updates being developed, businesses must implement the best technologies in their workflow. However, improving your brand’s speed, accuracy and scale will require significant financial investment that may not be readily available. This is where the right IT financing solution can be your savior.
Improve IT Infrastructure
One constant aspect of technology is its rapidly changing face. The IT infrastructure of a business will get outdated over time, resulting in inefficiencies, performance issues, and security vulnerabilities. To keep the wheels of the business running smoothly, you need to assess your IT infrastructure and develop a plan for making the necessary upgrades. Moreover, this is a step that you can’t afford to delay.
Software Updates
Using out-of-date software is unsafe as it makes your business an easy target for cybercriminals. To protect critical data, timely software updates are a must. Besides, updated software adds new features that are useful for performing at peak efficiency. Any gap in the updates will lead to the loss of time and money. In a competitive market, streamlining productivity and minimizing process lags are essential for offering the best services.
Upgrade Computers and Monitors
Needless to say, anything slow and inefficient should not be a part of your business infrastructure. When improving efficiency is your goal, outdated computers and hardware are a bottleneck. At any point, devices with older processors and insufficient RAM will feel sluggish when compared to newer options. Moreover, newer applications and software will need advanced hardware for delivering optimized performance. Hardware upgrades are a major cost burden that can be supported through a technology loan.
Network Upgrades
An ageing network can be an issue for a business looking to strive for flexibility and productivity improvements. In truth, older networks were not built to handle the humongous amount of data traffic that exists today. With the increased amount of mobility in the workplace and the rise in the number of applications, latency issues can be a problem with older networks. Upgrading the network is a costly endeavor, but your aging infrastructure might be costing you even more.
How Technology Financing Works
- Traditional Bank Loan
This is a traditional loan that can be both secured and unsecured. Secured versions require the backing of a collateral. The total loan amount will be between 60% and 80% of the assessed value of the collateral. The unsecured version does not require collateral, but the interest rates are higher.
- Loans from Energize Colorado
Energize Colorado offers technology loans from $5,000 to $150,000 with competitive interest rates. Our team can guide you toward the right financing choice for upgrading your mission-critical software and hardware. We have flexible terms and a streamlined process to help align the financing solution with your growth strategy. Our qualification process looks beyond the standard scale of credit scores and considers the true growth potential of your business.
- SBA 7(a) Loan
This Small Business Administration (SBA) loan option is a good solution for tech startups and small businesses. Compared to other business loans, the interest rates are lower and the repayment terms longer. SBA-approved lenders can offer you a maximum loan of $5 million.
- Venture Debt Financing
This is a viable financing option for early-stage tech companies without a proven track record. Such a business may not have substantial assets that can be considered as collateral. Due to the high-risk nature of the business, the interest rates of this option are higher. Generally, the loan provided is short-to-medium-term in nature. Venture debt can also act as a secondary source of financing when a sudden injection of cash is needed for technology upgrades.
How to Get Technology Financing in Colorado
Energize Colorado has a straightforward process that approves your funding under 30 days, allowing you to manage your business cash flow.
Our Simple Process
- Express interest by completing our quick online interest form
- Get matched with a lending specialist to complete your loan application
- Receive your funds in less than 30 days
*we review each application on a case-by-case basis
What You Can Fund
Use our technology financing plans to upgrade your organization’s IT and hardware infrastructure as required:
- Minimize technology obsolescence
- Upgrade to the latest software and technology
- Enhance network capacity and security
- Upgrade hardware and network equipment
- Invest in new technology
Loan Terms that Work for You
Our uncomplicated three-step process gets you from application to funding in as little as 30 days. We have a simple and transparent fee structure and our team stays available to support you even after funding.
- Loans from $5,000 to $150,000
- Competitive interest rates
- 3-5 year repayment terms
- Secured funding but no loan-to-value requirement
- Simple, transparent fee structure without hidden fees
Get IT Financing
A modern workforce needs a technology infrastructure that balances performance, efficiency, and security. Delaying the financing process may not be the best option for business health. So, the sooner you fill out our application form, the better your chances of preventing any interruptions in your workflow.
Operational efficiency is a must to bring your products and offerings to the customers at a quicker rate. This makes the performance of critical IT elements an integral part of your success plan. We are committed to providing the best financing solutions that will help you to upgrade and streamline business growth. Partnering with Energize Colorado allows you to streamline cash flows and meet unexpected challenges without deviating from your goals.
Your Journey to Growth Starts Here!
We’re thrilled you’re considering taking your business to new heights with our low-interest loan.
Click the “Get Started” button to take the first step of your application process by submitting our interest form!
Energize Colorado made securing capital easy and encouraging unlike traditional lenders.
John, Låda Cube
