Empire Finance Brokers

Equipment Finance

Equipment Finance Brokers Perth

Growing your business has never been easier

We are equipment finance brokers in Perth and Australia-wide who can help your business? 

Equipment finance or asset finance, allows you to fund up to 100% of the value of assets purchased for your business. When you buy a motor vehicle or plant & equipment, the asset provides the security for the loan.  This means that you don’t have to use your home or other property as security.

Finance is available to buy, tools, equipment, motor vehicles, and other machinery without tying up the working capital needed for your business.

You can spread the cost of an asset over its usable working life. Choose your finance options –  own the equipment at the end of the term or hand it back and buy new equipment.

Types of Asset Finance in Australia

 

Chattel Mortgage

Chattel mortgages offer a range of benefits for business owners, including tax breaks and flexible repayment options. The chattel mortgage has replaced the traditional hire-purchase facility. With a chattel mortgage, you can claim the GST portion included in the purchase price of an asset. If you’re looking to buy new equipment or expand your business, a chattel mortgage is a great option.

The process for applying is simple and straightforward. You can get a chattel mortgage through most equipment loan lenders. If you’re ready to take your business to the next level, contact us today to learn more about chattel mortgages.

Finance Leasing

Finance leasing is a process where businesses can lease equipment or vehicles instead of buying them outright. This can be a great option for businesses that want to get the newest and most up-to-date equipment without breaking the bank.

Leasing through finance allows you to spread the cost of your new purchase over an agreed term. You will make fixed monthly payments and own the equipment at the end of the agreement.

There are many benefits to finance leasing, including gaining access to new equipment, preserving cash flow, tax advantages, and more. To learn more about how to finance leasing could benefit your business.

Rental or Operating Lease

An operating lease is a flexible way to get the equipment you need for your business. There is no need to commit to a long-term contract. An operating lease lets you avoid hefty capital investments and keep your cash flow liquid.

You can also get tax benefits that come with leasing equipment. Best of all, our process is simple and easy – you can apply online in just a few minutes. So why wait? Get the equipment you need today.

Novated Vehicle Leasing

A novated lease is a great way to get your business mobile, without the hassle and expense of owning a vehicle outright. A novated lease lets you use a leased car for work purposes, and then claim the costs back as a tax deduction. This makes it easy to get your business on the move, without breaking the bank.

But what are the benefits of novated leasing for business owners? Firstly, you can claim all of your car expenses back as a tax deduction – including petrol, insurance, and maintenance costs. This can save you thousands of dollars each year. Secondly, if the leased car is for work purposes, you can write off the repayments against your taxable income.

So why wait? Apply today and see just how easy it is to get started with novated vehicle leasing.

Import Facility

An import facility can be a huge asset for your business, streamlining the process of importing goods from around the world. With an import facility, you can save time and money on the import process. This makes it easier than ever to get the products you need.

Applying for an import facility is simple and easy, so don’t wait any longer – get started today!

Small Business Loans

Small business loans can also be used by business owners looking to fund new or used equipment. The advantage of a small business loan is an easy application process and quick settlement. Most small business lenders use a simple online application process.

 

How does equipment finance work?

Financing equipment is a great way to save time and headaches by paying for your new equipment upfront.

Empire Finance are equipment loan brokers who understand how important it is to keep up-to-date with the latest equipment to stay competitive and profitable.

With that in mind, we’ve partnered with leading equipment financing providers to help your business..

Apply now for equipment finance

How to get an Equipment Loan

Securing an equipment loan is crucial for businesses investing in essential equipment and tools. To increase the chances or approval, define the loan’s purpose clearly. Specify the needed equipment and its impact on growth in a detailed business plan. Understand and organize your financials well, including balance sheets and cash flow statements.

Research lenders specialising in equipment financing, tailor your application to their requirements and offer collateral to strengthen it. Maintain a good credit score and present a well-prepared repayment plan. A clear and compelling case for your equipment needs enhances the chance of securing funding for business growth.

An equipment loan finance broker is crucial for increasing the chances of finance approval. They possess deep knowledge and connections with various lenders. These professionals help identify suitable lenders and ensure loan terms align with business goals. Brokers assist in preparing a compelling loan application, organising accurate financial information. They negotiate terms on behalf of the business, potentially securing favorable rates. In essence, using a finance broker enhances the likelihood of successful loan approval, saving time and effort while optimizing financial outcomes.

If you would like to find out how to get an equipment loan, contact us today on 0415 638 927.