KLC Financial Begins Financing Emerging Software Technologies



KLC Financial has launched new competitive financing options for companies looking to invest in emerging software technologies that traditional funding sources are reluctant to financially back.

The software sector is rapidly growing, with more and more companies looking to invest in their infrastructure to enhance their customer and employee experiences. They want to integrate all of their systems, bolster their security, move to mobile friendly technology. This can be expensive and investment in software difficult because many traditional banks don’t like financing software because of the inherent risks:

  1. There is very little salvageable equity in the software if the company does not succeed, leaving the bank to take the financial hit.
  2. Software can be hard to patent which leaves the market open for copycat companies to come in and compete, decreasing the remarkability
  3. There is no serial number so it is hard to secure and track

This can make it extremely difficult for companies to get the financing options they need to be able to grow their business. Which is why KLC Financial is now aggressively looking to help companies from all industries and credit histories get the financing or lease options to invest in their software.

Spencer Thomas, president of KLC Financial, commented, “We have a lot of customers and vendor relationships for whom KLC is financing the appliances and sensors that gather data as well as the monitoring software that manages the data. We are primed to be able to react quickly securing fast, easy financing solutions for these kinds of clients, and we will be heavily focusing on this sector as we head into 2020.”

KLC Financial is a capital equipment leasing and financing company founded in 1987 in Minnetonka, MN. KLC Financial helps support small and large businesses secure affordable financing options regardless of their credit history. The company supports businesses spanning a wide variety of industries, including software technology, construction equipment and office furniture.


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