We offer an extensive range of finance options for Commercial business clients including:
Vehicle
Finance
Heavy Equipment
Finance
Business &
Property Loans
Agri
Finance
Insurance
Premium Funding
Chattel Mortgages (otherwise known as Equipment Loans) are the major financing option for vehicles and equipment as it gives business customers the ability to provide GST Input Tax Credit on the purchase price. There are many options available (including financing the whole purchase price, deposits, trade-ins, balloon repayments, structured/tiered repayments, terms from 12 months to 7 years and GST treatment options) and flexibility to suit the client’s needs.
A residual amount is assigned to the lease in line with Australian Taxation Office guidelines, which is based on the useful life of the asset. At the end of the lease the customer can either pay a residual value on the lease and take ownership of the equipment, trade it in or re-finance the residual and continue the finance lease.
An Operating Lease lets your business rent, rather than buy, so that equipment purchases are not shown as an asset on the balance sheet. An operating lease also eliminates the risk and hassle of trying to re-sell equipment at the end of the finance term – the business simply hands the goods back to the financier.
At the end of the contract term when the total price of the equipment and the interest charges have been paid in full, the customer takes ownership of the asset.
Insurance Premium Funding helps control your cashflow by spreading the cost of business insurance over 6 to 12 months. Whether for workers compensation, public liability, general or building insurance, this option eliminates the impact of large annual insurance bills (otherwise a pre-paid expense).