Positioning Your Business For Growth
As life starts to return to normal post-COVID-19 and we enter a new Financial Year, it is an opportune time for business owners to review their operations and determine what is required to continue to service their customer’s needs effectively while continuing to grow and develop. Business planning at this level will include looking at capital expenditure requirements whether it be a computer, a car or something more substantial. With delays still being experienced in supply chains it is more important than ever to plan ahead to ensure you can get what you need when you need it but also have the ability to pay for it.
Growing demand for Asset Finance
Asset Finance is an effective tool helping drive business growth. Lack of capital may cause a business to delay investment in equipment or tools negatively impacting sales and profitability. A key advantage of Asset Finance is that it allows a business to buy assets without committing capital (i.e. no deposit finance is possible), with finance typically able to be structured over the effective life of the asset minimising impact on cashflow. Asset Finance is a fixed commitment which provides the business with certainty of planning and accurately assessing their operating costs.
Asset Finance can be used to finance an extensive range of items used by businesses to generate income which include (but not limited to):
- Light and Heavy Machinery
- Farming Equipment
- Vehicles
- Trucks and trailers
- Mining Equipment
- Computer hardware / software and Office equipment
- Manufacturing Equipment
- Specialised Medical Equipment
- General Plant and Equipment
- Commercial Marine Vessels and Aircraft
With a number of Asset Financiers available in Australia, it’s important to find the right finance solution to match with your business planning strategy. We’ve got experts in all areas of commercial lending, including asset finance. We would welcome the opportunity to work closely with you to improve financial outcomes for you and help your business thrive.