Plant & Equipment Finance
Asset Lease
Under Asset Lease the financier purchases the equipment on behalf of the business. The business then makes a fixed monthly lease rental for the term of the lease. At the end of the lease term the business can:
- pay out of the residual and take ownership of the equipment
- sell the equipment, or
- refinance the residual and continue the lease.
Chattel Mortgage
This form of finance allows the business to take ownership of the equipment at the time of purchase. The financier takes a mortgage over the equipment as security, and advances the funds at time of purchase. Once the contract is complete, the ownership of the equipment is passed back to the business.
Commercial Hire Purchase
Under this arrangement the financier purchases the equipment on behalf of the business. The business then hires it over a nominated period. The business retains the use of the equipment for the term of the contract, but does not own the equipment. At the end of the contract term, after the total price of the equipment, less any residual, and interest charges have been paid in full, the business takes ownership of the equipment.
Equipment Rental
When using Equipment Rental, the financier buyers the equipment on behalf of the business and rents it to the business for fixed payments over a fixed period. The business then simply makes these fixed monthly payments. At the end of the contract the business can opt to:
- hand the equipment back with no more to pay
- continue the rental agreement
- buy the equipment outright at market value
Lo Doc Capital Raising
Do you need working capital for your business? Capital Raising is now available on lo doc finance.
- We can help you raise working capital (i.e. cash) against assets in your business you already own (i.e. no encumbrance by a bank or finance company). We can even raise capital using LO DOC finance products. For example, we have successfully raised capital for our clients in situations like:
- Engine / gearbox rebuilds on older trucks
- Purchasing new or 2nd hand equipment to fulfil new contractual obligations
- Purchase of additional assets for the business to allow growth
- Payment of ATO debt
If you currently have assets in your business that you own, and that you’d like to raise working capital against, please fill in the form below.
