As specialists in funding for business equipment, we provide all types of commercial operators with the experts, the resources, and the lenders to achieve affordable, workable plant, machinery and equipment financing. Providing tips for equipment loan approval and sourcing the best deals so our customers can realise the full benefits of equipment financing.
The commercial lending market is extensive and diverse. Finding the lender best suited to a specific industry and business set-up and offering the best deals can be a challenge. With our assistance, all types of commercial operators across all industry sectors have access to over 80 lenders including non-bank lenders that specialise in certain industries.
For individually sourced, custom-structured equipment financing solutions that work with cash flow and towards achieving target ROI, speak with one of our brokers.
The lending category of equipment financing encompasses all assets required by commercial operators to carry out their business.
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Businesses across all types of industries can seek equipment loan funding including retailers, engineering, manufacturing and processing plants, agricultural operators, construction and building companies, trades, medical practitioners and health centres, fitness centres, mining and resource companies, logistics and warehousing operators, professions and services sector operators, and many others.
We provide equipment loan funding for all types of equipment and assets used by commercial concerns. Operators may be seeking machinery loan options, industrial equipment financing, loans for wheeled and yellow goods or funding for office, IT, fixtures and fittings to get the business set-up.
Units may include excavators and all earthmoving machines, tractors, balers and agri machines, loaders and dozers, cranes, forklifts and materials handling units, medical and diagnostic equipment, complete manufacturing and processing plants, engineering machines, computer, security and technology systems, retail fixtures and fittings, office fit outs, single units and complete fleet purchases.
We work with commercial operators at all stages of their business. From small, SMEs and self-employed concerns through to the largest corporations. From start-up through to celebrating long-term milestones.
We offer the full range of commercial asset acquisition funding facilities – Chattel Mortgage, Leasing, Rent-to-Own and Hire Purchase, with No Docs and Low Docs opportunities for operators without complete financials.
Tax deductions are available on all commercial credit facilities but with variations. Monthly payments on Rent-to-Own and Lease are fully deductible. Assets acquired with Hire Purchase and Chattel Mortgage are subject to depreciation, which represents a tax deductible item each year over a set timeframe as set by the ATO. Interest and lender fees are also deductible.
Our specialist brokers will individually source equipment loan funding to work with your specific objectives. Contact us for a quote for your equipment loan.
Our guides offer quick comparisons and simple explainers to help you move through the financing process with confidence.
While our brokers will handle the entire funding process on your behalf, it can be extremely beneficial for operators to have a good understanding of how equipment loans work. An understanding which may contribute to an easier path to completing the application, faster approval and better informed decision-making.
To be eligible for commercial credit, operators must hold an ABN and present verifiable ID. Being registered for GST is not required but can be considered in a positive light by lenders. New operators can apply for commercial credit but may require Low Doc or No Doc funding through our specialist non-bank lenders.
Commercial asset acquisition loans are structured by our brokers to suit the objectives of the operation. Commercial credit facilities allow for new and many used assets to be used as security against the funds extended. Some lenders may request operators provide additional collateral, subject to meeting credit and financial criteria.
Loans are structured with a balloon for Chattel Mortgage and Hire Purchase, a residual for Leasing and a buyback amount for Rent-to-Own. This element is due for payment at the end of the term and allows for more affordable repayments. Our brokers work with customers and lenders to structure balloons and residuals in line with ownership cycles and asset resale values.
Interest rates on commercial credit facilities are typically fixed. The rate does not change over the term. Fixed terms are negotiated up to 7 years on many asset acquisitions, allowing operators to amortise the acquisition costs over an extended period. Repayments are fixed and due on a monthly basis.
Interest rates are offered by lenders based on an assessment of individual applications. Lenders will be looking at the credit profile and overall creditworthiness of the operation including the turnover, time in business, assets and liabilities. Your Jade broker will be assisting you through the application process and providing tips for equipment loan approval.
The commercial application form requires a range of documentation including tax returns, BAS statements, profit and loss statements, annual accounts, and similar financials. The criteria for approval vary across the lender market. Some lenders have minimum turnover and trading requirements and minimum and maximum lending limits. With access to 80+ lenders, we have the resources to find the right lender to suit individual requirements.
Talk to one of our specialist brokers to discover your best options.
Commercial operators can realise significant benefits from utilising cost-effective financing for their asset acquisition. Funding assets can preserve existing funds and protect cash flow. Machinery can be accessed immediately rather than waiting until the business has sufficient cash to make the purchase. Tax deductions are available on all machinery loan options, providing additional benefits to acquiring assets with funding.
Utilising industrial equipment financing provides businesses with the opportunity to immediately upgrade obsolete units; expand into new markets with new products; modernise their fleet with new technology to realise greater efficiency and productivity; and to generally grow the operation to achieve targets.
But key to achieving many of these benefits can be securing funding that is specifically planned and structured for the individual concern. Our brokers provide that specific service. Sourcing equipment financing solutions, negotiating rates and terms, and tailoring the structure to meet individual requirements. Ensuring repayments work with cash flow. Ensuring tax benefits are optimised. Ensuring balloons and residuals are in line with ownership cycles.
To maximise your benefits of equipment loan funding, contact us to discuss your machinery loan options.
With a diverse and extensive industrial equipment financing lender market, sourcing and comparing offers can be a challenging task for individual operators. Comparing offers can be confusing with lender variations in rates, terms, fees and collateral requirements for approval. Loan offers can also vary with new and used equipment. We alleviate that burden by providing specialist services to handle the entire process.
Interest rates are key to affordable and cost-effective funding. Rates vary on the selection of machinery loan options, can vary with the industry sector, and vary across the lender market. Lenders assess the risk of each individual business and the industry. We know the reputation, products, and criteria of each of our lenders and first identify the lender that best matches the operator’s industry and profile.
Our brokers then negotiate to secure the lowest rates and most workable terms. Presenting operators with the best offer sourced from our vast lender network for consideration. We’re across the latest rulings on asset acquisition tax deductions to ensure each offer is optimised for the tax benefits available on the credit facility selected.
Our service is streamlined, fast and efficient. We help operators to quickly obtain equipment loan funding to minimise downtime and maximise output with many approvals obtained in 24 hours. Contact us to get started.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 19/09/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
Yes. To be eligible to apply for commercial credit an ABN and ID are the minimum requirements.
Commercial operators can apply to banks, non-bank lenders or work through a business finance broker to secure asset funding.
Tax deductions vary with the loan type. Chattel Mortgage and Hire Purchase deliver a deduction when the asset is depreciated and interest payments are also deductible. Payments for Rent-to-Own and Leasing are fully deductible as business expenses.
Operators can use a finance calculator to obtain estimates on equipment financing repayments to compare different credit products, different rates and varying loan structures.
The commercial credit application requires an ABN, ID and a range of documentation on the financial and trading position and history of the business. These documents include annual accounts, tax returns, BAS statements and similar. The credit profile of the operation will also be reviewed by the lender. A good credit profile and meeting lender criteria for turnover and financial position determine approval, rates and terms offered.
Earthmoving and other yellow goods may be funded with the operator’s choice of Lease, Hire Purchase, Rent-to-Own and Chattel Mortgage.
Deciding which loan type to choose between Lease, Hire Purchase, Rent-to-Own and Chattel Mortgage, depends on the accounting method used by the business; the approach to tax and the balance sheet and other financial objectives. It is advisable to discuss the decision with an accountant.
Interest rates on equipment loans vary with lenders, loan types, the profile and financial position of the business and can vary with different industry sectors. Lenders typically display their best rate for good credit applications.
The loan term offered can vary with lenders and specifics of the equipment and the application. A 7 year term is typical for commercial asset acquisition financing.
Equipment being financed can be used as the collateral for the loan. Some applicants may be required to provide additional collateral, subject to individual lender criteria.
