You’re running your business and you need a new asset, a car, coffee machine, bob-cat, – whatever – and you’re looking at the growth this new asset could give you, but getting finance seems like a headache.
Well, here’s some pain-killers … It’s not.
Asset finance is super easy, fast and usually 100% pain free.
Asset finance uses the equipment you choose to secure the loan, meaning you can borrow up to 100% of the value of the asset without the need for a deposit or other loan security. It’s this simplicity that means you need only minimal documentation and you get access to interest rates that are lower than other loan options.
Some bullet points can help make it simpler still:
- Borrow 100% of the asset value
- Loan terms available from 1 to 10 years
- Low interest rates (they keep dropping, so speak with us for details)
- Get funding fast
- Take advantage of tax savings & government write-off schemes
But what do I need for Asset Finance?
Not years of bank statements, phone bills etc. etc. not even close …
Loans less than $50K:
- Your driver’s licence or equivalent ID
- Your ABN
- Details of equipment
Loans $50K or over will also need:
- Your driver’s licence or equivalent ID
- Your ABN
- Details of equipment
- A P&L (profit & loss) statement
- List of assets and liabilities
Has your jaw dropped? Yep, see, it’s easy.
Now we’ve shown you how simple getting finance for a new asset is, let’s look at the tangible “what can I get” side of that equation…
An asset loan can be used for a plethora of purposes; to purchase new or used equipment, upgrade existing equipment, purchase business vehicles or even a retail fitout or business space fitout. As you can tell by that short list of examples, asset finance can cover all industry types, whether you’re financing a commercial vehicle, agricultural or manufacturing machinery, office systems, hospitality equipment or just about any other asset type. For clarity, give us a call and we can help clear up any uncertainty you might have.
You’ve got options when it comes to the actual finance too.
There’s a traditional equipment loan that allows you to purchase and own the asset outright and there are leasing options for business equipment, including finance and operating leases, which may be a good option if your asset needs to be regularly updated (e.g. thanks to continual technological developments and the like).
Now you know what’s involved, it’s time to speak with our Asset Finance Specialists so we can help steer you in the right direction with low rates and the right structure that suits your needs – Call us on 1300 469 840 or send us a message here to start the conversation (BTW, it costs you nothing to speak with us!).
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