Business, Equipment & Home Finance for SMEs
A question I am often asked by clients is, “what is the difference between and an Equipment Rental and a Chattel Mortgage?”. Whilst both are finance products, their implications are different from both an ownership and tax perspective. For some circumstances and types of equipment, a Chattel Mortgage may be the best option. In other [...]
With the new financial year fast approaching, many businesses are turning their mind to their plans for next year and recovery from COVID-19. If this involves acquiring equipment, then it is important to understand the Asset Finance options available and avoid expensive mistakes. Why use Asset Finance? The major benefit of Asset Finance is that [...]
The Federal Government has today announced that Instant Asset Write-Off which was due to expire on 30th June, has been extended to 31st December 2020! To qualify, the assets must be used for business purposes and be installed by 31st December 2020! How the Instant Asset Write Off works The Instant Asset Write Off provides [...]
If you are thinking about investing in new equipment, there are five critical Equipment Finance Traps to avoid! Increasingly, business owners need to invest in new equipment to improve productivity, create efficiencies or meet higher customer expectations. Having the latest equipment can help businesses sustain their competitive advantage, but if finance is required, it is [...]
To assist businesses thinking about investing in new equipment, I have launched a comprehensive Equipment Finance Handbook. At this time of year, many businesses turn their mind to ways they can compete more effectively, improve quality, shorten turnaround times or improve productivity. Often to achieve this, new equipment is required. Which in many instances needs [...]
Financing Specialised Equipment can be a challenge particularly where a business does “not tick all the boxes” from a clinical credit perspective. Business by its very nature is dynamic. As many business owners know there are ups and downs! Often the pathway to success is littered with potholes! Making it difficult for business owners to [...]
A question I am often asked by clients is, "What is a Chattel Mortgage and how is it different from a Finance Lease?" A Chattel Mortgage and a Finance Lease are both finance products typically used by businesses to acquire: Business equipment Motor Vehicles How a Chattel Mortgage is different from a Finance Lease The [...]
When importing equipment for your business, it’s important to understand the steps involved, particularly if import finance is required. Import Finance is a solution used to purchase equipment from offshore. For many businesses, importing equipment is a way to maintain a competitive edge and improve productivity. Essentially if the equipment needs to be financed, there [...]
