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Business Loans

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There are many different options with business finance and leasing.

We can help you decide which option is best for your situation.

Each lender has their own products and their own requirements so an experienced finance broker can help you understand the differences between loan types and lenders, including related fees and charges. Essentially options boil down to variations of these:

  • Business Overdraft
  • Equipment Finance
  • Leasing
  • Commercial Hire Purchase
  • Debtor or Cash Flow Finance / Factoring
  • Inventory Finance
  • Commercial Line of Credit
  • Business Mortgage Loan
  • Low Doc / No Doc Loans

 

Equipment Finance Solutions

Whether you are leasing or hiring equipment for your business, there are a wide range of equipment finance solutions to choose from.

To ensure maximum commercial benefit from your equipment finance, it’s important to select an option that takes into account your business structure, tax and cash flow. Renting or leasing equipment is an effective strategy for freeing up capital and providing your business with the assets it needs to grow without the expense of purchasing.


If capital expenditure is not an advantage to your business and equipment needs to be periodically updated, an Operating or Finance Lease may be a wise choice. If however you want to ultimately own the equipment that you are hiring, a Commercial Hire Purchase or a Chattel Mortgage may be your best options.

As a financial specialist experienced in equipment finance, we can help you determine which solutions will best suit your needs. There are pros and cons to each arrangement as well as differences in what is tax-deductible—please call us to discuss these in more detail. (We also suggest you discuss your requirements with your accountant)


Here is a basic overview of the equipment finance solutions you can choose from.

 

Operating Lease

This is an agreement to rent equipment for a fixed period. At the end of the term you hand the equipment back in the agreed return condition with no further obligations.

Contact Us About an Operating Lease

 

Finance Lease

Under this option, the financier retains actual ownership of the equipment and rents it to you for a fixed term. A guarantee is made for the value of the equipment at the end of the term, and if the equipment falls short of this you are liable to make up the difference.  

Contact Us About Finance Leasing

 

 

Commercial Hire Purchase

You hire the business equipment from the financier for a fixed monthly repayment over a set period of time. Ownership is transferred to you after the last installment is paid.

Contact Us About Commercial Hire Purchase

 

Chattel Mortgage

This is a loan agreement which sees you take ownership of the equipment at the time of purchase and the financier uses the goods as security until the last payment is made.

Contact Us About a Chattel Mortgage

Novated Lease

Used when a car is provided to an employee as part of a salary package. The finance company owns the vehicle for the term of the lease. The lease payments are made by the employer (through salary sacrifice), reducing the employee’s taxable income and tax paid. The lease payments include GST and can be claimed by the employer through its BAS statements. Fringe Benefits Tax (FBT) rules apply.

Contact Us About a Novated Lease

 

 

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