A Chattel Mortgage or Bill of Sale Agreement can provide your business with an alternative method of funding for vehicle and plant & equipment acquisitions that is designed to optimise cash flow, while minimising the impact of GST. The Chattel Mortgage enables you to purchase the goods you need and acquire immediate ownership of the asset so that you can get on with your day to day business, without significant impact on your working capital.
A Finance Lease is an excellent option for clients who are seeking flexibility of leasing. Under a finance lease the financier purchases the vehicle or equipment of your choice which is then payable by you, the customer, in a series of rental payments. Finance leasing begins with your choice of truck or equipment to be purchased, with you negotiating the final buy price. You then select the term of the lease which is typically from 1 to 5 years.
Low Doc loans can be a great option for businesses wanting to accessing finance with minimal documentation and reporting required. Low doc loans are available for amounts up to $500K. Low Doc loans can also be used as a type of line of credit when the customer is looking to purchase additional vehicles and equipment. Available limit of up to $500K maximum.
Full Doc Loans provide our customers the flexibility to source the larger approval limits of up to 2 million through full-doc. Customers certainly have more finance options available using with full-doc loans and generally a larger offering of lenders. As a general rule Customers can get the lowest interest rates with full-doc loans.
Rent to own can be a very good commercial option for start-ups or new ABN holders looking to enter the marketplace. It can assist new business owners particularly those supported by a work contract for their new venture. Rent to own options can be from 12 to 84 months, where the customer can purchase the asset from the Lender or at the end of the term.
Operating lease fully maintained can be from 12 months to 84 months. The running costs of the equipment are included in the monthly rental payments such as fuel, servicing, registration. The customer returns the equipment back at the end of the term. The customer also has the option of purchasing the asset from the lender at the end of the term.
If you have recently paid cash for your trucks, vehicles or equipment within the last 12 months and your accountant advises that finance would have been a better option, don’t worry it’s not too late to enter into finance arrangement. This will put the cash back into your business and provide certain fixed monthly repayments rather than a huge dent in your cashflow and bank balance.
Customers can get cash for their outstanding debtor list or invoices as security. Amounts can vary between 80% to 100% of the value of the debtor list or invoices. Cash is deposited into the customer’s account the following day after the invoice was raised. Invoice finance is an alternative to an overdraft facility.Once the facility is approved, there is no need to re-apply for higher amounts.
Cash-flow loans: we have access to up to 5-year terms cash in your bank. Smart business loans for start-ups and existing businesses. Overdrafts and lines of credit up to 500k. Fixed term business loans from 1 to 15 years. Property secured or unsecured options.