Asset Finance that keeps you ahead of the pack.

Asset Finance enables you to fund up to 100% of the value of high-cost assets you need to purchase for your business. The asset provides security for the credit facility, so you don’t need to use your home or property as collateral.

You can access the tools, equipment, and machinery you need to support the growth of your business without tying up working capital and restricting cash flow. Asset Finance allows you to spread the cost of an asset over its usable working life. Depending on the asset/equipment finance agreement terms, you may take ownership of the asset once the final installment has been made.

Compared to a traditional business loan, Asset Finance offers several benefits:

• Avoid asset depreciation
• Fixed or flexible monthly payments
• Fast access to funding
• High approval rate
• Increased liquidity

In addition to the above benefits, Asset Finance can be used with the instant asset write-off scheme to reduce your taxable income. You can fund the full cost of an asset to take full advantage of the Australian government’s support scheme.

As part of the COVID-19 economic recovery plan, the Australian government has extended and increased the instant asset write-off scheme. Businesses with a turnover of less than $5 billion can now benefit from an instant tax write-off of up to $150,000 per asset purchased and in use by June 2023.

Asset Finance can help you take advantage of the instant asset write-off scheme without restricting your cash flow. For more information on using off-balance-sheet lending and Asset Finance under the scheme, please speak to one of our friendly financial advisers on the number below.

Asset Finance is a type of lending that allows a business to access or purchase new or second-hand assets. The lender covers the upfront payment, and the business repays the amount over a set period.

Asset-backed finance is a funding solution that allows a business to use the assets it already owns as collateral for financing. The asset collateral guarantees payment, so a business can typically access higher credit limits and more affordable terms than it would be able to with an unsecured loan.

You can usually fund up to 100% of the value of an asset. This type of credit facility is very flexible and covers a wide range of finance solutions that can be tailored to the needs of your business. Asset financing options can be used to fund the purchase of both second-hand and new equipment assets.

Our Asset Finance terms range from 24 to 60 months. Some of our clients prefer short term finance options, while others like the security and predictability of a credit facility with fixed rates of interest over several years.

Generally, goods that can be depreciated for business purposes are eligible for Asset Finance, including machinery, light commercial vehicles, and some renewable energy solutions. However, different financiers have differing lending policies regarding what types of goods they are willing to finance. Please contact us to confirm.

A balloon payment, also known as a residual payment, is an amount due at the end of the agreed contractual term to finalise the contract. It is commonly used to structure a facility with lower monthly repayments over the contracted term. This can assist in managing their cash flow.

Yes! All types of Asset Financing, (sometimes called a chattel mortgage, vehicle finance, sales and leaseback, finance lease, hire purchase or operating lease) can help improve cash flow, free up capital and reduce upfront costs. Our asset and equipment finance solutions are available at very competitive rates and without the hassle and paperwork involved with a bank loan agreement.