Asset Finance
Take your business to next level with our asset finance options
Loan amount up to $250,000
100% funding possible
Asset-backed funding
Loan term in 2-7 years
Weekly / Fortnightly / Monthly repayment methods
What is asset finance?
An asset could be anything that depreciates over a period of time. It could be a vehicle, equipment, fit-outs or plant & machinery in the business.
An asset finance is a financing option that helps business owners to secure the essential tools and machinery needed for their business without paying a huge amount of money upfront.
It’s important to have the asset you need at the right time to maintain your business growth. Whether you have to buy a new or used vehicle or equipment, financing that asset may be the best-suited option for your small business as costly assets may be out of budget to purchase outright.
Asset loans are backed by the underlying assets to be purchased so no additional security is required in most of the cases.
Eligibility Criteria
- Have an active ABN
- Operating for more than 6 months
- Business is GST registered
Our Loan Guide
Unsecured Business Loans
Loan Amount
$10k - $1M
Interest rates from
6.25% p.a.
Loan term
2-5 years
Pre - approved time
24 - 72 hrs
Unconditional approval & settlement time
3 - 5 days
Pay Cycle
Weekly / Fortnightly / Monthly
Security
Secured against underlying asset financed. May not require real estate security in most of the cases. No real estate security required
Disclaimer - The information provided in this critical information sheet is for general guidance only. Please contact us if you require further details.
What you need to know?
Can be used for
- Business purpose
Documents required (low doc approval)
- Up to $250,000 basis
- Last 6 months bank statements
- Valid identification proof of the business owner
- Asset Liability statement
- Asset detailed to be purchased/Purchase order
Documents required (full doc approval)
- More than $250,000 basis additional docs
- Financial statements
- Rates notice (if you own a property)
Benefits
- Can get up to 100% funded
- No real estate security required
- Free up cash flow of the business
