After the past 18 months of COVID-induced business disruptions on top of the impacts of natural disasters on many regions, many operators will no doubt be looking to the new financial year as a time to restart, renew and rejuvenate their business. Reflect on those annoyances, pain points and regrets experienced over recent times and set yourself up to power and grow through 21/22 and beyond. Click here for more information on businesses reinventing their business models.
Many of the pain points experienced by businesses are in regard to their financial situation. It may be equipment loans that are over-burdening your cash flow and holding back your plans for expansion. It could be your customers that are either having their own issues or just operate on ‘slow’ when it comes to paying your invoices. After a year of trading restrictions, you may be short on funds to implement plans to grow the business. You may be wanting to take advantage of tax benefits on offer to upgrade machinery, plant and equipment.
There are many issues that businesses can face in regards to finance and we have solutions to address pretty much all of them. To start you thinking and formulating your plans, we’ll take you through the equipment finance options which are available to assist your business.
Asset Acquisitions: Equipment, Plant, Machinery, Vehicles
With the availability of the tax benefits on offer through temporary full expensing, IAWO and loss carryback, the focus for many businesses is on purchasing new assets. New equipment, plant and equipment to upgrade their operations, to increase output to meet growing demand and to improve productivity with better, more reliable machinery.
For the purchase of all types of equipment used by businesses, for motor vehicles to be used in the business and for buying trucks, a range of finance products are available.
- Car Chattel Mortgage
- Leasing
- Commercial Hire Purchase
- Car Rent to Own or Rental
These loan products are secured finance facilities where the asset is used, in varying ways, as security against the finance extended. Each offers tax-deductible elements and can be sourced at our cheap interest rates. The interest rate is fixed on all these loans which result in a fixed monthly repayment to assist businesses with cash flow planning and certainty over the years of the loan term.
The interest rate varies on each loan type and we have provided an Interest Rate Comparison Tool so businesses can compare repayments on each type of loan.
Non-Asset Purchases: Marketing, Services, Systems
Not all business purchasing requirements involve actual physical assets. Finance may be required to cover the cost of non-asset purchases such as the development and implementation of marketing plans, setting up new websites to provide online shopping, implementing IT systems for security, enhancing customer experiences and expand online service offerings and many other requirements.
For these purposes, we offer both Secured and Unsecured Business Loans. This a general type of finance that can be sourced and structured at cheap interest rates to meet the individual requirements of a business.
The interest rate can be fixed along with the loan term and repayments. This type of financing is extremely versatile and is designed to suit many general business requirements where an asset is not available. Security may be required in the form of property or other assets. Our consultants will work with you to secure a workable option that best meets your requirements.
Cash Flow and Debtor Support
Snap lockdowns and the sheer shock of the whole pandemic has brought into clear focus the necessity for businesses, especially SMEs, to be flexible and well-funded. Suddenly being unable to trade but still needing to meet regular outgoings such as wages, rent and supplier costs can be devastating.
To assist businesses with short and long term cash flow issues, Jade Finance has access to non-bank lenders that provide extremely attractive rates on Business Overdrafts. If the bank has rejected your application for an overdraft, don’t worry. We can source you a quote from our non-bank lenders.
A major impact on cash flow can be slow-paying customers. If you have to wait too long to receive payment your business can suffer immensely. If this is a problem, speak with us about our Invoice Debtor Finance options for your business.
Equipment Refinancing Options
A new financial year is definitely a good time to review current finance arrangements. If a high-interest rate loan is holding your business back, then maybe it’s time to talk change! Refinancing options are available for all types of business loans and can involve a change of lender, change of loan type and most importantly, change to a cheaper interest rate and more workable solution.
Whatever pain points your business has suffered in the past, perhaps it’s time for a panacea. Get sorted to thrive through the new financial year with cheap interest rate finance with Jade Finance.
To discuss business finance options, contact Jade Finance 1300 000 008
DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.
