Asset Finance that keeps you ahead of the pack.

Asset finance allows businesses to fund up to 100% of the value of their high-cost assets. These assets can be critical for the continued functioning of the business. The asset itself, in the financing arrangement provides the security for the credit so there is no need for a home or property to be used as collateral.

Tools, equipment, machinery and vehicles can all be purchased to ensure the ongoing operation of the business without funds being tied up due to gaps in working capital or cash flow. By spreading the cost of a new asset over the term of the asset financing facility, you can enjoy access to the asset you need when you need it most: Now!

ScotPac’s asset finance is far more practical and efficient than traditional bank loans or business finance loans. There are many benefits to asset finance including:

• Avoiding asset depreciation
• Options for both fixed and flexible monthly payment plans
• Access to funding fast, in as little as 24 hours
• Higher approval rate with less red tape
• Increased liquidity in your assets
• Can be used in conjunction with instant asset write-off scheme to reduce taxable income

The Australian government has recently extended and increased the instant asset write-off scheme. This means that if you’re a business with a turnover of less than $5 billion you can now benefit from writing off up to $150,000 per asset purchased and in use in that respective financial year. This instant tax write off allows you to save more by reducing your taxable income. Fortunately, asset finance can help you take advantage of this scheme without tying up your cash flow unnecessarily.

To find out more about how off-balance-sheet lending and asset finance can be used under the scheme, make sure to reach out to your local ScotPac lending specialists today.

Under normal circumstances, businesses can access up to 100% of the value of an asset. Thanks to the flexibility of the lease and asset finance credit facility, there are a wide range of different financial solutions that can be customised to suit the needs of you and your business. Asset financing options can be used to fund the complete purchase of both used and new assets.

ScotPac’s terms range from 24 to 60 months. Many of our clients prefer shorter term financing options, while other businesses prefer the predictability and security of a fixed rate of interest over a longer term.

Speak to our specialists today about finding the right option that suits your needs and preferences.

In general, any good that can be depreciated for business purposes can be financed with an asset financing facility. However, not every financier will offer the same facilities for every type of good or asset. We recommend, for tailored advice for your particular needs, that you contact one of our specialists today for confirmation.

The balloon payment, also called a residual payment, is the amount of money that is still due on the loan at the end of the contractual term. The settling of the balloon payment finalises the contract.

Most commonly, balloon or residual payments are used when the client or business needs to lower their monthly repayments as part of their cash flow management requirements. The lower repayments result in the balloon payment at the end of the contracted term.

Yes! We’ve worked with a wide range of SMEs over the years. With all types of asset financing available, we can help your business free up working capital, reduce upfront costs, improve cash flow and access the assets you need. 

From chattel mortgages to finance leases and hire purchases to operating leases, no matter what you’re after, make sure to give the ScotPac team a call today!