FAQs

Start-up businesses may not have all the financial documentation required for commercial lending. They can engage with a broker to source low doc and no doc financing options.

Equipment used in the agricultural sector may be financed with the operator’s choice of Lease, CHP, Chattel Mortgage or Rent-to-Own.

Yes. Applications for machine funding can be submitted and conditionally approved based on an estimate of the amount required and an indication of the goods being purchased.

Asset acquisition funding products allow for the goods being funded to be the financing collateral. Subject to lender guidelines, many applicants will not be required to provide additional collateral.

Tax deductions are available on all asset funding products. Lease and Rent-to-Own have tax deductible monthly payments. CHP and Chattel Mortgage deliver a deduction when the machinery is depreciated.

The same funding products can be used to finance both new and used assets. The interest rate and conditions can vary for second-hand goods.

Asset acquisition funding is typically arranged with fixed interest rates.

All assets used in a business operation may be eligible for commercial financing. This includes machinery as well as technical systems.

Operators seeking to plan and budget financing agricultural machinery may use an online funding calculator to obtain estimates.

Where a machine and any attachments and accessories are purchased from the same supplier at the same time, the entire purchase may be included in the one funding package. Subject to individual applications and lender guidelines.