← What we place
Equipment finance
The asset secures the borrowing, which usually means a better rate than unsecured lending and a lender who cares more about the equipment than your last two years of profit.
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Who it suits
- Buying plant, vehicles, or production equipment
- You would rather not put property up as security
- You already own assets outright and want the cash back out
- The equipment earns while it repays
How it works
- Usually a chattel mortgage: you own the asset and the lender registers its security on the PPSR.
- Term is usually matched to the useful life of the equipment.
- Sale-and-leaseback releases cash from equipment you already own.
- Used equipment is fundable, though the term is often shorter.
What to check before signing
- Balloon or residual payments. A low monthly figure can hide a large final one.
- Chattel mortgage versus finance lease versus rental, because ownership at the end differs.
- Early settlement terms if you may upgrade before the term ends.
- Whether a director guarantee is required on top of the asset security.
What we will need
Supplier invoice or quote
Six months of bank statements
Asset schedule
Photo ID