Asset and Equipment Finance in Sydney | Local Finance Guru

Asset finance helps you purchase a range of equipment you need for your business. A small or midsize business or a tradie often needs to buy a range of business assets or equipment such as a car, SUV, refrigerator, tools, etc. However, buying a big-ticket item involves a significant investment that may impact your cash flow or working capital.

Get equipment or assets financed at low-interest rates and pay while you earn by using equipment loans. Local Finance Guru, Sydney’s leading equipment and assets finance broker, is here to help you find and obtain a variety of asset loans at the lowest interest rates.

Types of Asset Finance

There are two ways to proceed with asset financing:

Existing asset finance:

In this type of finance, the lending is secured against your existing assets. This helps you raise working capital for your business, using the business equipment or assets that you own as collateral.

New asset finance:

With this variety of lending or finance, you can buy new equipment for your business. This helps you buy without paying cash upfront from your means. The lender accepts the new asset as collateral against the loan. You are free to use the asset or equipment for your business.

There are several types of assets and equipment finance available that you can choose from. As an experienced asset finance broker, we help businesses compare suitable funding options and secure competitive lending solutions for the purchase of commercial equipment.

Chattel mortgage:

In a chattel mortgage, the movable asset that you buy such as a vehicle or a machine, is considered collateral by the lender. The lender has the right to liquidate the asset if the borrower fails to make the monthly payment.

Hire-purchase:

With this type of loan the asset provider buys the asset that is then leased out to the businesses. The business makes monthly payments for the “leased asset”, makes a “balloon payment” at the end of the lease period, and takes ownership of the asset.

Operating lease or equipment lease:

When a business needs the equipment or asset only for a fixed duration and not the entire life of the asset, it can take it on an operating lease. The ownership will remain with the asset provider.

Finance lease:

Under the finance lease agreement, the asset or equipment provider purchases the asset outright. The asset is then “leased” to the business for a fixed duration. At the end of the lease, the provider sells the asset.

Unsecured or small business loan:

This is a short-term loan that the business may obtain to improve cash flow, buy an asset, or improve its finances. This is also sometimes called the “balance sheet loan”. It is usually a low-doc loan that is provided based on the accounts and bank data of the business.

Asset refinance:

This helps a business to free up capital or equity locked in an asset that they own. Simply put, the business can take a loan using the value of an asset that they own as collateral. However, if they fail to make repayments, the asset can be repossessed by the lender.

Asset Financing Specialists in Sydney

These are the several benefits of commercial asset finance such as:
● Reduces initial costs
● A new line of credit
● Improves cash flow
● Frees up capital
● Helps to avoid asset depreciation
● Easier to obtain than bank loans
● Cost of equipment spread out over several months
● Reduction in maintenance costs

Benefits of Commercial Asset Finance

As the leading loan broker in Sydney, Local Finance Guru offers:
● Full range of equipment and commercial asset finance
● Tie up with a large number of banks and other lenders
● Lowest interest rates
● Knowledgeable brokers
● Easy repayment options
● Low doc finance availability
● Assistance for borrowers with bad credit history
● Quick processing
● Single point of contact

Our experienced equipment finance broker team works closely with businesses across Sydney to secure suitable finance solutions for vehicles, machinery, tools, and other commercial assets.

If an asset finance loan is something you are serious about, call us right away to speak to our commercial asset finance specialist. Call us on 0430 411 466 or email us at vipul@localfinanceguru.com.au. The time is now!