Business

Whether you're a small, medium or large organization, we offer a range of Business finance options to suit your individual business requirements. Including but not limited to;

 

Chattel Mortgage

Provides finance for companies and business professionals to purchase goods such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment. You take ownership of the goods upon delivery and the lender secures the loan by registration over the goods.

Benefits are you own the goods your business needs without paying for them upfront. You can put your day to day cash flow to better use.

A Chattel Mortgage may provide tax benefits if the financed goods are used to produce assessable income. Speak to your accountant for further information about tax benefits.

100% finance is available to approved customers with payments to match seasonal cash flow. You can also arrange to have a residual at the end of the loan to reduce payments during the term.

 

Finance Lease

Provides finance for companies and business professionals to purchase goods such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment. The lender purchases the equipment or vehicle you require and leases the item back to you. You enjoy the use of the vehicle or equipment for an agreed upon time in return for a series of repayments.

The lease agreement sets out the;

  • Residual value of the goods
  • Term of the lease in months
  • Monthly rental
  • Depreciation rate

When the lease expires you can choose to;

  • Return the equipment to the lender who can sell it in the marketplace (you would need to make up the shortfall if the sale was less than the agreed residual)
  • Take up the invitation the lender may give you to purchase the equipment.
  • Rental repayments are fully tax deductible if the goods are solely used for earning assessable income. Speak to your accountant for further information about tax benefits.

 

Hire Purchase

Provides finance for companies and business professionals to purchase goods such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment. The lender purchases the item of equipment and gives possession to the "hirer" in return for regular payments.

When the final payment is made the "hirer" owns the equipment.

A Hire Purchase may provide tax benefits if the financed goods are used to produce assessable income. Speak to your accountant for further information about tax benefits.

100% finance is available to approved customers with payments to match seasonal cash flow. You can also arrange to have a residual at the end of the loan to reduce payments during the term.

 

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