Are you a small business owner wondering why? If small business is as vital to the Australian economy as we are so often reminded by politicians and other leaders, why do they so often get a rough deal when trying to source finance?
At Jade Finance we’ve heard that many times and we offer small businesses a workable solution to sourcing finance for a wide range of purposes. A professional finance broker service with access to many banks and lenders, including specialist lenders that do welcome small business customers and industry-only lenders that specialise in certain industry sectors.
A service that welcomes all sized businesses and works positively towards achieving tailored finance solutions to support those businesses pursue their business plans for growth. We use our strong bargaining power with the lenders to negotiate cheaper interest rates for all our customers, regardless of the size of the business.
For small businesses with credit and documentation challenges, we offer possible pathways to access to finance.
According to the Australian Small Business and Family Enterprise Ombudsman, there were over 2 million small businesses in the country in 2019, likely a lot more now and they employed over 44% of the workforce and represented over 35% of Australia’s GDP. Small business is officially defined by the ATO as having less than $10m in aggregated annual turnover and less than 15 employees according to the Fair Work Australia definition.
At Jade Finance we appreciate the role of small business and actively work to assist each individual enterprise to achieve the finance they require.
We provide finance for a wide range of business purposes and asset acquisitions including cars, boats, equipment and trucks across all industry sectors.
Small Business Finance Types
The size of your business does not determine the type of finance you are eligible for. All commercial finance products are available to both small and large businesses.
Our Jade Finance portfolio for the purchase of goods and assets includes:-
- Chattel Mortgage
- Commercial Hire Purchase
- Rent to Own
What does determine which product is most suited to your business and the goods you are purchasing is how the features of each finance product fit with your individual framework and accounting objectives, in regard to:-
- Accounting method used – cash or accruals
- Treatment of GST -at what stage of the loan term GST is charged and claimable
- Tax deductions – what elements of the loan are tax deductible and which are not
- Asset depreciation – usually in accordance with ATO guidelines
- Balance sheet strategy – we offer on and off balance sheet options
The decision as to which finance type is best made in consultation with your accountant.
Regardless of which finance type you select for your acquisition, Jade Finance will assure:
- Our cheap interest rate policy
- Fixed interest rates for the full term of the loan
- Fixed loan term, up to 7 years for some assets
- Fixed monthly repayments, negotiated to an amount which works with your cash flow
In addition to finance for goods and asset purchases, Jade Finance provides a range of specialist business finance products for small business.
Debtor Invoicing Funding: this provides relief for your cash flow from slow-paying customers and frees up funds for other purposes.
Overdraft Finance: if the bank has rejected your request for an overdraft, we have non-bank lenders that offer an alternative with overdraft style finance.
Insurance Premium Funding: if you’re facing huge insurance premiums payable annually, we have lenders that provide financing which allows you to spread those premiums into quarterly or annual payments to ease cash flow pressure.
Business Loans: both secured and unsecured loans to cover purchases which may not be included in a commercial finance facility.
ABN Only Finance: for ABN holders with insufficient documentation to meet the loan requirements of banks, we offer possible solutions.
Many small businesses simply put-off investing in new assets or equipment as they perceive the prospect of sourcing the finance required as simply – too hard! At Jade Finance, we don’t think that should be happening so we provide support through our small business loans service.
We make small business finance easy. One call and your Jade consultant will source you a quote for your finance and if accepted, handle the paperwork to streamline the process.
So let us help you bring forward your plans.
To discuss small business finance, contact Jade Finance on 1300 000 008
DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.Small business