The 500 Group was delighted to learn this week that, Greg Pierlot was selected as the Commercial Finance Broker of the Year in the 2020 Australian Mortgage Awards. This is fantastic recognition for someone is always looking for ways to improve the experience we provide…
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.
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…
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.
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…
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,…
We are delighted to announce our team member, Sharon Piening has been selected as the Victorian Equipment Finance Broker of the year for 2020 as part of the MFAA Excellence Awards. This is richly deserved recognition for someone who is exceptionally client focused The MFAA…
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.
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!
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…