Asset finance

Let’s begin with the fundamentals: What is Asset Finance?

Asset Finance is a type of funding that supports small to medium-sized enterprises, self-employed individuals, and contractors in acquiring essential equipment for their operations. This often includes items like trucks, Utes, and machinery such as forklifts, and can even extend to outfitting an entire warehouse.

We provide several financing options to assist you:

Commercial Hire Purchase:
This option allows you to hire and use the asset while making payments over a set period. Ownership is transferred to you upon the final payment. The advantage of this loan is its flexibility, allowing you to customize the payment schedule, choose the loan term, decide on an upfront deposit, and set the balloon payment amount. This flexibility is designed to help business owners manage their cash flow effectively.

Chattel Mortgage:
This popular option involves a loan secured by the asset itself, giving the business immediate ownership. You can choose the loan term, typically up to five years, and arrange repayments to fit your financial needs. It can also be structured to provide cash flow relief when necessary, offering immediate flexibility.

Finance Lease:
In this arrangement, the lender retains ownership of the asset while the client is responsible for its sale or disposal at the end of the lease term. This is ideal for businesses needing equipment or expensive assets without tying up their capital reserves.

Want to know more? We are ready to take the time to understand you, your business, and your goals. We are here to offer advice and guide you towards the best financing solution for your needs.

For more information or to start the application process, please fill out our online contact form or call us, and we’ll get back to you promptly.