Firstly – here’s the really good news…
If you satisfy the basic criteria below, you probably already qualify for a loan up to $50,000 for certain equipment without the need to provide any financial statements or tax returns.
- You have been trading & registered for GST for 2 or more years or if you are an employee you have been with your current employer for 2 or more years.
- One of the directors/partners/owners owns property with equity (not taken as security).
- You have a clear credit history.
- The asset will be used mainly (> 50%) for business purposes.
Of course our expertise doesn’t stop at $50,000. If you are needing equipment in a higher price bracket, read on and see how we can help.
What is equipment?
The list is exhaustive but includes manufacturing & engineering such as lathes, presses, generators, compressors & CNC routers, mining, printing, medical, dental, veterinary, computer hardware & software, office , solar panels, construction, audio visual, point of sale, warehousing, surveying, scientific, security & telephony and other equipment or machinery that you may need.
As wide and as varied as the above assets are in nature, so too are the many ways to finance them – chattel mortgage, hire purchase, finance lease, operating lease, rental.
Not to mention considerations such as the proper loan term, residual value and taxation treatment.
Also, how to source the most appropriate lender based on their knowledge of and appetite for your industry and the asset itself, their efficiency and their pricing.
And importantly, how to present a complete and compelling finance application to a prospective lender to ensure a timely and acceptable finance approval.
The good news is that Source handles all of this on your behalf. You simply choose the asset and we do the rest. Source’s passion lies in leading you effortlessly through the finance process – making the seemingly complex and time-consuming task a simple one.
Apply for finance now by clicking the button below or simply send us an email or give us a call on 03 9008 0525 to discuss.Click here for finance