Selecting the credit facility with the features that suit specific business set-ups, is integral to achieving a workable solution. We provide all types of business structures with options to suit their accounting method, approach to their balance sheet, and to suit a range of targeted business objectives.
Operators can select from Chattel Mortgage, Lease, Rent-to-Own and Hire Purchase. Rent-to-Own and Lease are compatible with businesses that use the accruals method of accounting. Chattel Mortgage suits businesses using the cash accounting method. Hire Purchase is versatile in that it can work with both accounting methods.
Ownership of the sprayer while the loan is repaid varies with credit facilities and can be an important consideration for many business owners. Those that do not want a large asset such as a sprayer, posted into their balance sheet, may consider Leasing and Rent-to-Own as off-balance sheet credit products. While the lender retains ownership of the sprayer, the borrowing business can claim the full amount of payments as tax deductions.
With Chattel Mortgage, ownership of the sprayer transfers on settlement to the borrower. The asset is listed in the balance sheet and depreciated for a tax deduction. A great benefit of this form of credit is the extremely attractive interest rates – lower than Lease and Rent-to-Own.
Each credit facility includes the opportunity to defer a portion of the loan for payment at the end of the term. A balloon with Chattel Mortgage and Hire Purchase, a residual with Leasing, and a buyback option for Rent-to-Own.
Depending on lender approval of individual applications, no deposit financing is available on all commercial credit products and for many operators, no additional collateral is required to get approved.
To assist operators with budgeting and cash flow, we arrange all options with our signature best interest rates which are fixed for the entirety of the financing term. We negotiate terms with our lenders to best meet the expectations of business owners. A fixed payment schedule is structured to work with forecast turnover and cash flow.
For one our experts to source the best rates and most suitable spraying equipment finance terms for your business, contact us by phone or online.
- Best Rates Chattel Mortgage Sprayer Finance.
- Tax-effective Lease Spraying Equipment.
- Hire Purchase Spraying Machinery Financing.
- Workable Rent-to-Own Sprayer Loans.
- Fixed terms, rates, repayments.