As a small-to-medium business, you will need all types of finance to keep your business running smoothly. This can include short-term working capital loans or long-term secured commercial loans. Equipment finance lies somewhere in the middle. The length of the loan or lease is generally from one year to five years however, it can be negotiated for up to seven years. When looking to purchase equipment, including vehicles, businesses have several financing options available. The two most common are a “lease” or “chattel mortgage”.
If you are 18 years or above, Eligible to work in Australia, An ABN holder, and Financing equipment that will be used by a business (mostly or entirely for business purposes) and your business has been trading for more than 12 months and has a good credit rating then you are eligible to apply for an equipment loan.
If you don’t think you meet the eligibility requirements, don’t worry! One of our qualified finance brokers may be able to assist you with an alternative solution. Talk to an equipment finance specialist at “Finance Brokers NSW”.
As experts in small business and equipment financing, we take the time to get to know your business. Not only will we save your credit rating, but we will find a financial option to meet your specific needs.
For more information visit https://fbnsw.com.au/equipment-financing-guide-for-smes/
Contact: 0482 075 000
Mail Id: [email protected]
