Starting a new business venture and need financing for plant, machinery and equipment? Don’t have all the financials and documentation to meet bank and other lender criteria? Wondering what your next step or first step towards your new business will be? Then speak with Jade Finance for a workable way forward.
We are specialists in financing equipment for start-ups and provide operators with the right lenders, the right products and the right services to secure affordable, cost-effective funding solutions. We work with operators setting up including SMEs, sole traders, contractors, freelancers and the self-employment across all industries – construction, agricultural, building, manufacturing, hospitality, health, beauty, health and many more. Assisting them to secure funding for a vast range of equipment required for their operation.
Within our accreditations with more than 80 lenders, we have lenders that do offer cost-effective start-up equipment finance, at affordable rates and workable terms. Our brokers handle all the sourcing, lender discussions, negotiating and structuring of the financing equipment for start-ups to relieve the stress and worry and get new businesses underway.
Take the next crucial step to getting your business into business by calling us and discussing how we may source the right equipment funding for your operation.
Very few individuals will have sufficient savings or wealth to fully-fund setting up a new business including the purchase of the required equipment.
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New business equipment loans provide that critical support to ensure start-ups can actually get started with the machinery they require. The operation may have been operating for under 12 months or may not have commenced traded.
The key differences between businesses requiring start-up equipment financing and established businesses are: not having complete financials for the application form; and not having a credit history for lenders to review.
Many lenders, especially banks, will not approve applications without full financials or docs. Docs or documentation refers to records such as tax returns, profit and loss statements, trading figures, annual accounts and bank statements.
New business equipment loans are referred to as No Doc or Low Doc funding and allow for approval of applications without full financials. These approvals are offered by specialist lenders that we can provide access to.
This access to specialist lenders and the prospect of loan approval, can be the vital financial assistance required by new operators and entrepreneurs.
Our brokers negotiate affordable interest rates to ensure the funding works with projected cash flow and structure solutions to optimise tax. When approval is given, operators realise the benefits and features of the selected credit facility.
To discuss how a start-up equipment loan may assist your prospects, apply online or call to speak with one of our brokers.
For a quote on a new business equipment loan, contact us online or by phone.
Our guides offer quick comparisons and simple explainers to help you breeze through the financing process with confidence.
Equipment loans for start-ups include a wide range of plant, machinery and equipment across all industries. Essentially, loans can be secured for assets to be used in the new business. Applicants without full financials are described as ‘No Doc’ or ‘Low Doc’, depending on the actual financial records available.
When a No Doc application is approved, the operator can select the most appropriate credit facility from our full selection of asset acquisition finance which includes Chattel Mortgage, Lease, Rent-to-Own and Commercial Hire Purchase. Start-up equipment leasing options may be of particular interest to businesses in the early stages as the asset is not posted to the balance sheet.
The most suitable facility is determined by the accounting method implemented, the financial objectives of the operation, the tax approach and the balance sheet strategy. Consulting with an accounting on the type of credit facility is strongly advised.
We source all asset acquisition credit at a fixed interest rate and over fixed terms to deliver a fixed monthly repayment schedule. A balloon option is available on Chattel Mortgage and CHP, a residual for Leases, and buyback for Rent-to-Own. All forms of commercial credit offer tax deductible components.
Get a quick overview of your best options to consider by contacting us today.
Operators starting a new business, with little or no financials can benefit significantly from using our professional, specialist brokers to source their asset funding. Key to getting approved for start-up equipment loans is the right lenders with low doc financing. Key to achieving cost-effective outcomes is the lowest possible interest rates. We provide both and more, to ensure operators achieve the most suitable solutions to get their business underway on a workable financial foundation.
We have access to more than 80 lenders and match the profile of individual operators with the one best suited to make the best equipment financing offer. That includes accessing and negotiating for the most competitive interest rates and flexible terms across the vast commercial lending market.
Our individual approach with a broker assigned to each customer, ensures a streamlined application process, fast approval and prompt settlement. Support is provided from the initial enquiry through the entire process from highly experienced and skilled experts who are committed to achieving the best outcome for our customers. Factors which can be critical where the equipment is essential to operations.
While all interest rates are individually offered by lenders after assessing applications, our current best rates can provide a guide for making comparisons and planning asset acquisition funding.
For the best equipment financing rates and offers we may achieve based on your requirements, connect with us by phone or online for a quote.
We work with all types of business entities to secure affordable start-up equipment loans. These include sole traders, SMEs, self-employed, private companies, ABN-holders and partnerships. New business loans are approved with minimal financials (as little as 6 months), the strength of the business prospects and collateral and security. The personal financial position and credit history of the owner can be considered in the application process.
Minimum eligibility requirements include a current ABN include newly obtained and identification. Registration for GST is not a requirement but can be beneficial.
Your Jade broker will be assisting you with completing the application form. We encourage operators to provide as much financial information on the operation as is available. Documents can include bank statements, BAS returns where available, trading history and accounts to date, details of work contracts already confirmed, business plans, profit and loss statements to date. Accounts may be prepared by an accountant or by the business operator.
The financials of the owner can be required to support the application. While asset acquisition financing is primarily secured by the asset being financed, start-ups may be required to provide collateral or a personal guarantee. Lenders typically do credit history checks but for some applications, we can arrange no credit check applications.
Application documentation can be submitted to our brokers online and by email to streamline and quicken the process. Once we have all your details, we identify the most suitable lender and proceed to secure an offer for best equipment financing for start-ups to suit the specific requirements. When the offer is accepted, we work with our lender and the equipment seller, to affect settlement.
Our process is streamlined, and approvals may be received within 24 hours. Applications can be made prior to committing to an asset purchase to provide confidence to proceed. Pre-approved start-up equipment loans can be ideal for those planning to buy at auction.
To get your application underway and take that important step towards getting your business underway, call us today!
Sourcing affordable start-up equipment loans at our competitive rates can compare favourably with other options. Compared with venture capital, loans allow the operator to retain full ownership and control of their business. Compared with personal loans, commercial credit has more competitive interest rates. Compared with lines of credit, asset acquisition financing has more attractive interest rates.
Use our calculator to assist in making comparisons and speak with us to discuss to your best option.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 20/09/2024 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. Subject to individual lender approvals, entities with an ABN can be eligible for asset acquisition financing.
Interest rates are offered based on the individual application assessment by the lender. New businesses can be offered competitive rates with a strong application and security and good personal credit rating.
Operating leases are available to fund all types of business equipment being acquired by start-ups.
The best funding option for businesses at all stages is the one which best suits their accounting method, tax and balance sheet strategy, and financial objectives.
No. Having GST registration is not a mandatory requirement for commercial credit approval.
Yes. Operators can select from Chattel Mortgage, Lease, Rent-to-Own and CHP.
When approved, businesses can realise all the benefits of the selected credit facility including available tax deductions.
A balloon is an option feature with Commercial Hire Purchase and Chattel Mortgage.
No deposit funding is subject to lender approval of the application.
Asset acquisition funding products are typically provided at a fixed rate of interest.
