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 the 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 terms of the finance agreement, you may take ownership of the asset once the final payment has been made.

Compared to a traditional bank loan or business finance solution, 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 in conjunction with the instant asset write-off scheme to reduce your taxable income. 

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 2022.

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

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 financial 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 assets and new equipment.

Our terms range from 24 to 60 months. Some of our clients prefer short term financing 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 this type of funding. 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 utilised to structure a facility whereby the clients require a lower monthly repayment over the contracted term, to assist in managing their cash flow.

Yes! All types of Asset Financing, (sometimes called a chattel mortgage, sales and leaseback, finance lease, hire purchase or operating lease) can help improve cash flow, free up capital and reduce upfront costs.