Financing

Champion's financing options enable companies to purchase much needed IT infrastructure to improve productivity and reduce costs, while retaining their cash for working capital needs. Our dedicated financing department will work directly with your organization to determine the best option for your IT needs.

Key Benefits

• Convenience: Let our team work directly with the manufacturer and handle all of the paper work
• Cost Savings: By working directly with the manufacture, we can ensure a more competitive rate
• Expanded Purchasing Power: Allows acquisitions to fit into budget constraints
• Flexible: In addition to leasing equipment; software, maintenance, and services can be added to a lease. You can also upgrade equipment in mid-lease; as well as being able to buy out, return or extend the lease at the end of the term
• Easy: Obtaining a lease is a simpler process than most other financing methods
• Fast: Since the equipment is collateral, it is easier to obtain credit approval

Choose from the following financing options to address your unique solution requirements and help manage your cash flow and assets:

Operational Leases

An operational lease is a rental agreement where ownership is not intended. An operating lease is not recorded in the general ledger accounts and therefore the asset and liability will not appear on the balance sheet. Champion offers three options in terms of an operational lease: (1) the IT equipment can be returned to the lessor, (2) theIT equipment can continue to be financed, or (3) you have the option to purchase the equipment at fair market value.

Capital Leases

A lease that "in substance" is a purchase and financing arrangement. When a lease meets certain criteria, the asset being "rented" is recorded as an asset and a liability is also recorded.

Rentals

More and more, companies are realizing that IT equipment rentals are a viable solution to otherwise insoluble problems. Champion's Rapid Rental Program provides a cost-effective means of solving a variety of short-term IT equipment needs. From providing a custom duplicated test environment for software migrations and proof of concept projects, to boosting seasonal capacity computing power and disaster recovery preparedness, IT rentals deliver a cost-effective solution to even the most demanding company's equipment needs.

How Champion's Rapid Rental Program Can Help Your Organization:

• Disaster Recovery
  Renting IT equipment can be an ideal option to any company when a disaster strikes. Companies can often be up and running in days, providing service and sustaining revenue. Not to mention, this also frees up capital and time.
• Seasonal Spikes in Capacity Needs
  When seasonal or short-term capacity spikes occur (tax season, holidays, etc.), many companies spend costly amounts to build out the enterprise to handle the higher utilization. Through IT equipment rentals, businesses can increase capacity without paying year-round for equipment-reducing the total cost of ownership in your datacenter.
• Business Growth
  IT equipment rentals can help when opportunity is knocking. You don't have to turn business away for lack of infrastructure when rentals allow you to "tool up" almost overnight. Short term rental costs can easily be figured into the special project costs and help provide services to clients at a level they might not normally be able to maintain.
• Migrations and Proof of Concept
  Software migrations can be overwhelming if not planned and executed properly. IT rentals allow the migration to be tested in a duplicate environment in order to identify potential issues prior to production. This ensures that the migration is completed successfully, on time and with minimal impact.