FAQs

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.