Business, Equipment & Home Finance for SMEs
For many business owners, the equipment finance process can seem a bit overwhelming and frustrating. This has been compounded further by COVID-19. Lenders are cautious, seeking additional information, and timelines can be protracted. Equipment Finance Process – It’s Not All Bad News! However, the good news is, despite all the pessimism, there are still Lenders [...]
From time to time as an Asset Finance Broker, I am approached to assist with financing specialised equipment that challenges the norm and is a bit outside the box. Often when it comes to finance, if you are trying to do something different, Lenders will sometimes run for cover and hide under the "our policy" [...]
Many businesses are finding it challenging to obtain business finance during COVID-19. Shutdowns and uncertainty as to when, and how long a recovery will take, has resulted in Lenders taking a far more cautious approach. Accessing Business Finance During COVID-19 - Uncharted Waters! Like everyone else, Lenders are in uncharted waters. As a result, policies [...]
An issue business owners often face is whether to buy new or used equipment. On one hand used equipment can be less expensive, but it's not without risks. On the other, new equipment is generally more expensive. When weighing the options as to whether to buy new or used equipment, it is critical to look [...]
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 [...]
There is a simple, low-cost, step that will help avoid disaster when buying a second-hand car! That is; use the federal government Personal Property Security Register (PPSR). A quick search will cost only $2 but it could save you thousands! The PPSR can help you avoid financial disaster by confirming: The vehicle is not held [...]
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 [...]
