FAQs

A balloon is payable in full at the conclusion of the term. It may be paid via cash resources or refinanced.

All business loan products may suit start-up businesses, depending on lender approval. A No Doc option may be required if full financials are not available.

Yes. Used vehicles may be financed with the business’ choice of credit facility.

Yes. The rate is typically the same as Chattel Mortgage which is the lowest rate across the business financing product range.

All business structures can suit all types of business financing products. The decision is based on the suitability of the features and benefits of each facility to the business set-up and its objectives.

Lease is only suited to accruals accounting not cash accounting, the structure of the facility varies and there are differences with the interest rate. Lease has a residual option which varies from a balloon.

Alternative credit facilities for financing trucks include Lease, Rent-to-Own and Chattel Mortgage.

The minimal requirement for eligibility for business finance products is to hold a current Australian Business Number.

No deposit financing is subject to lender approval but is widely available.

Yes. The full selection of commercial credit facilities may suit financing agricultural machines.

No. The interest component is a deduction but the main deduction comes when the asset is depreciated when preparing the income tax return and annual accounts.

Terms of as short as 1 year and up to 7 years can be approved with this type of loan.

When purchasing goods with commercial credit, the business will wholly own the goods when all repayments and any balloon amounts are finalised.

The balloon is that agreed portion of the financing total that is paid in full at the conclusion of the loan term.

This is a credit facility for the purchase of business goods and assets not a rental arrangement.