With our specialist lenders, extensive commercial lending expertise, and individual approach to every customer’s finance needs, we dispel any myths around small-sized enterprises being unable to access affordable business finance. Our expert broker services are readily available to enable even the smallest businesses to access finance to acquire plant, machinery and equipment for their operation.
We work with SMEs, micro enterprises, self-employed, ABN holders and sole traders to source equipment finance for small business at the best rates and most workable conditions. Individually tailoring solutions to suit their cash flow and ROI targets, to acquire a wide range of assets for their operation.
For a refreshing, personal approach to sourcing finance, speak with one of our brokers about securing cost-effective small business equipment loans for your operation.
Small business equipment finance is funding for enterprises that do not meet standard lender criteria due to the size of their operation. They may be newly started and not have the required financial documentation or have traded for 12-24 months. A small business may have been established for a long time but only operate on a small-scale and have low turnover, below lender approval minimums. They may be private companies with 1-2 directors and have little assets to provide as loan security. Depending on the time the business has traded and the type of industry, the operation may not have strong financials or a strong asset base.
Small-sized enterprises can select from the same finance products as larger companies, when they are approved by our lenders. We provide the full selection of asset acquisition credit facilities – Leasing, Chattel Mortgage, Rent-to-Own and Commercial Hire Purchase.
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The flexibility of Leasing and Rent-to-Own can present attractive options for smaller businesses. Chattel Mortgage and CHP can provide the best rates on financing for equipment which operators intend to own for a longer time.
Selecting the most suitable credit facilities involves assessing the features and benefits offered by each product with the accounting method and balance sheet approach of the business entity. Consulting with an accountant on these matters is advised.
We secure all small business equipment loans with our signature competitive fixed interest rates, over fixed terms, with fixed repayment schedules negotiated to work with cash flow. Tax benefits are optimised, and balloons, residuals and buybacks are available.
For an equipment loan for small business quote on your choice of credit, speak with one of our brokers.
All these aspects can present issues in meeting the criteria for finance approval as set by many commercial lenders. We solve these issues through our accreditations with lenders that have more flexible criteria and approve funding with less financials, low turnover and for enterprises that have traded for less than 12 months.
The type of finance required may be classified as Low Doc or No Doc, or require approval based on the financials and assets of the owner, or 6 months of turnover figures. Small business equipment loans may be used to fund the acquisition of a broad range of plant, machinery and equipment used in a commercial enterprise.
If you’re facing issues securing affordable funding as a small enterprise, speak with one of our brokers about the opportunities for competitive rates on cost-effective finance.
Our guides offer useful information and simple explainers to help you understand the financing process with confidence.
While interest rates and the cost of finance is important to all operators, for smaller enterprises it can be a critical factor. With smaller turnover, these businesses need to ensure that machinery finance repayments will work with their cash flow over the full term of the loan.
As specialists in lending to small businesses, with 25+ years of experience, we are acutely aware of the special requirements of smaller enterprises. Through our accreditation with over 80 lenders, we have the resources to find the lender that we know has the criteria to approve each customer.
Our skilled brokers work with our lenders to achieve the most competitive interest rates to ensure a cost-effective finance solution is delivered. Customers value our personal approach to individually sourcing small business machinery loans to specifically suit their requirements.
Finance is available across all industries, across all of Australia and for all types of machinery and equipment, both new and used. Using our expert services can facilitate the acquisition of essential equipment for even the smallest enterprise. Presenting a more attractive option to the alternatives which may include taking on a business partner, using personal savings, taking on a personal loan at a higher rate, or having to forego the acquisition completely.
To discuss how we can assist your small business with cost-effective equipment financing, connect with us via our online systems or make the call and speak with one of our brokers.
From the first contact with our brokers, we handle the entire finance application and approval process on behalf of our clients. We first check eligibility for commercial credit which requires an ABN and ID. Where available, operators need to provide financial documentation on their enterprise. This includes annual accounts, tax returns, bank statements, BAS returns, profit and loss statements, asset and liability schedules and similar. Where full financials are not available, we will select a lender that offers no doc financing. Credit scores and histories are reviewed by lenders.
Smaller businesses can expect that the personal financial information including assets and credit scores, of the owners to be requested to support the application. Some applicants may be required to provide additional security using personal assets or a personal guarantee.
Operators can apply for financing online or by phone. Your Jade broker will process your application through the most suitable lender with many businesses receiving their approval in 24 hours.
Many smaller businesses can be unsure if they will be approved for credit or for how much. Making them unwilling to commit to the purchase of a machine without their funding confirmed. We oblige with our pre-approval process. Pre-approved finance provides confidence and can be very useful when planning to bid at an auction.
Our application and approval processes are streamlined, simple, and fast. We support operators to quickly acquire the assets they need for their business venture. To start your application, give us a call or provide your initial details online.
Operators looking to prepare budgets, compare different machinery model and start planning their acquisitions, can quickly obtain loan estimates with our online equipment finance calculator. The device can be used for all credit products, all types of machinery, and for all business set-ups.
The results obtained can be used as a guide for planning purposes with a confirmed quote obtained by contacting us.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 16/09/2024 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.
One person enterprises with an ABN can be eligible to apply for commercial finance.
Interest rates on all commercial credit applications are determined by lenders after assessing the individual application and credit score.
Yes. Leasing is one of several credit facilities available for smaller enterprises to finance assets. The other options are Chattel Mortgage, CHP and Rent-to-Own.
The most suitable credit product for any business is the one that suits the accounting method they use, their approach to their balance sheet and taxation, and meets their financial objectives.
Commercial asset acquisition financing generally allows for the machinery to be the main collateral for the financing. Some smaller enterprises may be required to provide additional collateral or personal guarantee. Subject to individual lender guidelines.
Yes. Both new and used machinery may be financed for small enterprises.
Yes. When credit is approved and finalised, the business can realise all the tax benefits relevant to the particular credit product.
Yes. A balloon is an option with Chattel Mortgage and Commercial Hire Purchase.
Yes. Applications for commercial credit can be submitted and approved prior to the goods being purchased. An indication of the goods – new or used, model type, etc, will need to be provided to obtain a quote and conditional approval.
Interest rates on asset acquisition finance products is arranged at a fixed rate. The rate remains the same, unchanged, over the full period of the loan term.
