Asset finance

Understanding Asset Finance

Asset Finance is a type of credit designed to assist small to medium-sized enterprises, self-employed individuals, and contractors in acquiring essential equipment for their business operations. This can include vehicles like trucks and Utes, machinery such as forklifts, and even the complete outfitting of a warehouse.

We provide several Asset Finance options to suit your needs:

Commercial Hire Purchase

In this arrangement, you hire the asset and use it while making regular payments over time. Full ownership transfers to you once the final payment is made. This type of loan offers flexibility in customizing payment plans, choosing the loan duration, deciding on a down payment, and determining the balloon payment amount. This customization is intended to help business owners manage their cash flow more effectively.

Chattel Mortgage

Many businesses prefer this option, where the loan is secured by the asset itself, granting immediate ownership to the business. You can set the loan term, typically up to five years, and arrange repayments to suit your needs. This structure can provide cash flow relief and offers on-the-spot flexibility.

Finance Lease

In a finance lease, the lender retains ownership of the asset while the client is responsible for its eventual sale or disposal at the end of the lease term. This is ideal for businesses that need equipment or high-cost assets but prefer to conserve their capital reserves.

Ready to Learn More?

We are here to understand you, your business, and your aspirations. we’re committed to providing advice and guiding you toward the best financing solution for your business needs.

To get more details or to start the application process, please use our online contact form or give us a call. We will be in touch promptly to assist you further.