Funding & Financing Options
BioSpherix has partnered with Blue Street Capital, a leading provider of customized financing solutions. Through Blue Street Capital’s expertise, we are strengthening our commitment to advancing scientific innovation. With this partnership, we’re making cutting-edge technology more accessible than ever. Whether you’re upgrading existing equipment or expanding your lab’s capabilities, Blue Street Capital’s financing solutions are here to help you achieve your goals.
Together, we’re paving the way for groundbreaking discoveries and scientific advancement. Let’s make your next big project a reality.
Why finance your BioSpherix system?
Flexible payment terms
Payments are tailored to your specific project needs and budget, making it easier for any lab or institution to access the systems they need. Whether you prefer a short-term lease, longer-term financing, or custom payment schedules, there’s a solution designed to fit your situation.
Reserve capital for other expenses
Instead of a large upfront investment, you can manage cash flow more effectively, invest in additional resources, or support ongoing projects, all while still gaining access to the advanced systems your research requires.
Quick approval process
Our financing approval process is fast and efficient, often completed in 1-2 business days. This means you can keep your research on schedule and minimize downtime in your lab. Secure funding of up to $500,000 often without financial statements.
Payment Estimator
Use our calculator to find a payment schedule that fits your needs.
FAQ’s
Who is eligible for financing?
Any valid U.S. entity outside of certain restricted industries. Inquire with your BioSpherix representative for details.
How long does approval take?
Approvals typically take anywhere between 1-3 business days once all requested information is provided.
What information is required to apply?
We require fundamental business information, including the exact legal entity name and address, along with details regarding the equipment being acquired.
What can be included in a financing agreement?
One advantage of financing is that consulting, training, shipping, installation, software, and initial maintenance, often referred to as “soft costs”, can be financed and included in the financing payments. Unlike loan financing, these costs can be incorporated into the financing agreement.
What does the financing process look like?
4 easy steps:
– Ask your BioSpherix representative to connect you with Blue Street Capital to obtain a finance proposal.
– Choose the terms you would like by returning the signed proposal to Blue Street Capital.
– You will then receive the formal approval and final docs via DocuSign.
– Biospherix’s finance partner (Blue Street Capital) will then pay for the full amount of the project on your behalf upon delivery, and you will start to incur monthly payments in accordance with your Blue Street Capital Agreement.
Do I need insurance on the equipment I am financing?
Yes, you need to provide proof that your organization has general liability and property insurance. With proof of insurance, you will not be charged any additional insurance fees.
What are the benefits of equipment financing?
BioSpherix customers may choose a finance option due to budget constraints, which would allow them to move the purchase from their capital budget to an operating budget. There are also times where the purchase would be disruptive to cash flow, and monthly payments minimize that impact. There are also tax and liability reasons why BioSpherix customers may choose finance options.
What are the tax benefits of financing equipment?
Talk to your CPA about your section 179 thresholds for the year. Section 179 is a tax incentive where you receive first year accelerated depreciation on the entire equipment value in contrast to 3-5 year depreciation. You can often receive this tax incentive when financing as well as paying cash for equipment purchases.
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