Running a business, from industrial to agricultural, is an expensive endeavour. Managing cashflow successfully is imperative to success, which is why financing big ticket purchases is commonplace.
There are a range of different finance options available for business owners seeking to purchase new or secondary equipment and machinery.
Types of equipment financing
Equipment finance, asset finance and chattel mortgage all refer to similar types of loans which essentially allow you to take ownership of your asset right away, whilst using your new asset as security against the loan. The beauty of these loans is that you can access lower interest rates, flexible loan terms, interest is tax deductible to the business and with fast approval can be organised quickly.
Equipment finance is available right across Australia, so no matter where your business is located we can help you get on top of your finances and continue to succeed and grow.
What types of equipment and machinery can be purchased?
The great thing about plant and equipment loans is that virtually any piece of equipment or machinery can be purchased. Here’s a list of just some of the items we’ve helped businesses like yours finance:
- Tractors and agricultural machinery
- Earthmoving equipment and machinery
- Medical/dental/laboratory equipment
- Printing and packaging equipment
- Trailers
Can I finance other purchases outside of equipment?
You sure can. If you’ve got expenses that need to be taken care of, an unsecured business loan provides the liquidity required to keep your business running minus the need to provide security.
Unsecured loans include things such as cashflow funding, invoice funding and line of credit facilities that can be used for a range of purposes. Our clients have leveraged unsecured business loans for many purposes, including:
- Stock or inventory purchases such as clothing and footwear
- Marketing and growth initiatives
- Acquiring and upgrading small equipment
- ATO debt
- General working capital and cashflow
- Debt consolidation
- Office fit-outs or minor renovations
Whether you’re planning a project, purchasing assets, or navigating short-term cash flow needs, Entourage Asset delivers expert guidance and tailored financial solutions to support your business.
Book a discovery call today to discuss your business lending needs.