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Business loan for new technology
Reported on Wed, 15 Mar 2006
With analysts predicting that the market for new technology is set to boom, companies could take a business loan to enhance access to the range of products being made available.
At a discussion hosted by the Association of Investment Trusts Companies, technology fund managers predicted the sector could be in line for major growth, thanks to the demand for new internet and broadband products.
Ben Rogoff, deputy manager of Polar Capital Technology Investment Trust, said the industry was about to reach a "medium-term turning point", supplying products such as 'the networked home' and 'telco TV' to increasing numbers of houses and small businesses.
"This is another example of the technology industry beginning to deliver on many of the promises made six years ago," said.
Firms aiming to invest in new technological and IT support systems could take out a business loan to get themselves equipped with the latest products entering the market.
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