Asset finance

Let’s start with the basics: What exactly is Asset Finance?

Asset Finance is a form of credit that aids small to medium-sized enterprises, self-employed individuals, and contractors in acquiring the necessary equipment to operate their businesses effectively. This often includes vehicles like trucks and utes, as well as machinery such as forklifts. It can even extend to fitting out a complete warehouse.

We offer several options to help you:

Commercial Hire Purchase:
Under this arrangement, you can hire the asset and use it while making payments over time. Full ownership transfers to you after the final payment. What’s beneficial about this type of loan is the flexibility it offers in customizing payment plans, choosing the duration, deciding on a down payment, and determining the amount of the balloon payment. This customization is designed to help business owners manage their cash flow with ease.

Chattel Mortgage:
Many businesses favor this approach, where the loan is secured by the asset itself. A key advantage is immediate ownership of the asset by the business. You can set the loan term, typically up to five years, and arrange repayments to suit your needs. This can also be structured to provide cash flow relief when needed, offering on-the-spot flexibility.

Finance Lease:
Here, the lender retains ownership of the asset while the client is responsible for its eventual sale or disposal at the end of the lease term. This is ideal for businesses that require equipment or high-cost assets but prefer not to use up their capital reserves.

Interested in learning more? I’m prepared to invest the time to understand you, your business, and your aspirations. I’m here to provide advice and steer you toward the best financing solution for your business needs.

For further details or to start the application process, please use our online contact form or give us a call, and I’ll be in touch promptly