Obtaining Asset Finance

First things first. What is Asset Finance?

Asset Finance is a type of lending that supports small/medium businesses, self-employed business owners and contractors to be able to purchase the equipment needed to run a successful business. Most commonly purchased equipment includes trucks, utes and even forklifts. You could even use an Asset Finance loan to kit out a warehouse.

We can assist with a few different options:

Commercial Hire Purchase:
This option allows you to make payments over time while being able to use and hire the asset. Once you pay in full, the asset is then yours. The good thing about a loan like this is that you are able to tailor payment options, select the right payment period for you, choose how much of a deposit to apply and have a say in the final balloon payment. All of these add up to help a small business owner to manage their cash flow effectively.

Chattel Mortgage:
This is a popular solution for many businesses with the loan secured against the asset. This has the added benefit of the business owning the asset from the get go. You can choose your term, anywhere up to 5 years generally, and tailor your repayments. They can also be structured to free up cash flow for if you ever get stuck, giving you flexibility on the fly.

Finance Lease:
With this option, the lender owns the asset, but the client bears responsibility for the disposal of the asset once the lease comes to the end. This is great for businesses who need equipment, vehicles or high cost assets but don’t want to tie up the capital.

Want to know more? I am ready to take the time to get to know you, your business and your goals. I am here to advise and guide you through the process to the ideal solution for you and your business.

If you’d like more information or to apply, feel free to fill in the online contact form or call us and I will be in touch soon.