Affordable & Flexible Finance Options for Your New Microsoft Dynamics
Are budget challenges and constraints impacting your ability to make much needed IT investments? We offer flexible financing options that allow you to extend your budget to meet your business needs and free up cash and credit lines for other business priorities. With no money down and no additional charges, financing your Microsoft Dynamics solution with MIG & Co. makes excellent business sense and helps you focus on “What do I need?” versus “How will I pay for it?”
MIG Financing Program for Microsoft Dynamics
MIG & Co. has teamed with several financing providers to offer customers a total IT solution, including software and services. Financing is available for new Microsoft Dynamics installations as well as upgrades to existing Dynamics solutions.
The Financing program is available to both commercial and non-commercial organizations
Deal size minimum: $10,000
Deal size maximum: no pre-set maximum
* This program does not involve software to services ratio requirements.
Payment Details
- Interest rates are determined by the term and size of the contract.
- Payment terms are offered in 24- to 60-month increments, depending on the program. (usually 36 months term carry the best rates)
- Down payments are generally not required. (function of your credit)
Contract Changes
At any time during your contract, you can add software, services, or other product offerings. Additional credit approval may be required.
Collateral
Generally speaking, no collateral is required as this is an unsecured financing. It is considered a capital lease with a $1 buy-out.
With the exception of subscription-based pricing models, the ownership of the Microsoft Dynamics software transfers to the customer at the end of the term lease agreement at no additional charge.
Credit Application Requirements
- For transactions less than $50,000 only signed customer applications are required.
- For transactions of $50,000 or more, additional financial disclosure maybe required.
Dynamics Payment Solutions Factsheet
Learn more about the flexible payment options available to help you finance your Microsoft Dynamics solution.
MIG Financing for Microsoft Dynamics vs. Traditional Bank Loans
The following table is a side-by-side comparison of MIG Financing for Microsoft Dynamics and a traditional bank loan:
MIG Financing for Microsoft Dynamics
Traditional Bank Loan
Effect on existing Credit Lines
MIG Financing for Microsoft Dynamics
- None
Traditional Bank Loan
- Reduces the availability of existing facilities
Effect on Working Capital
MIG Financing for Microsoft Dynamics
- None
- Off balance-sheet finance
- MIG agreements are lease/rentals. These can be managed on the company’s Profit and Loss report without adversely affecting the Balance Sheet.
Traditional Bank Loan
- Working capital is reduced by current portion of obligation (12 months of payments)
Collateral
MIG Financing for Microsoft Dynamics
- None – Unsecured lines
Traditional Bank Loan
- Banks will typically require collateral such as AR
Tax Consequences
MIG Financing for Microsoft Dynamics
- MIG agreements are lease/rentals and are 100% tax deductible.
- Can lease equipment and still take full advantage of the Section 179 deduction.
Traditional Bank Loan
- Financed equipment is treated as a purchase and must be depreciated over 5 years.
