It’s a common question for small business owners; how do you get your hands on the equipment you need to grow, while still keeping the all-important cash flow and working capital at healthy levels?

 

Choosing the right asset and equipment finance can give you further benefits than just preserving your day-to-day funds:

 

• Assets and equipment can generate immediate income

• Finance can help preserve working capital

• Fixed repayments may give you the ability to budget more accurately

• The asset secures the loan, in which case you don’t have to lock up your property security which can be preserved for future finance such as working capital

• There may be potential tax advantages to consider
   

What can be financed?

Any asset, plant or equipment that can help generate income for your business may be able to be financed, and can include:

 

• Motor vehicles

• Commercial vehicles

• Plant and machinery

• Agricultural equipment

• Solar power equipment

• Computers, photocopiers and phone systems

• Medical and dental equipment

• Office equipment

• General business equipment

• Internal fit-outs
   

What types of asset and equipment finance are there?

There are many different financial products available - some more popular than others, and it’s important to discuss with your professional advisers, such as your accountant, which product may be most appropriate for your business needs. The options include Commercial Hire Purchase, Chattel Mortgage, Finance Lease, and Operating Lease – and we can help you evaluate the key benefits and differences for each product.
  

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