Starting a new business venture is a very exciting and exhilarating experience. There are many things to organise in the beginning and it often takes a significant financial investment, however there are some handy ways that you can minimise your initial business outlay and save yourself a lot of stress by freeing up some much needed capital.
When it comes to business finance for equipment and vehicles, most financiers tend to shy away from lending to new businesses due to the uncertainty and risk involved in providing finance to a business with no track record or proven financials.
Financiers generally want to see that the business has been operating for a minimum of two years, however, there are some reputable financiers who will provide finance for brand new business ventures as little as one day after your ABN has been registered.
Here at Credit One, our Equipment Finance Specialists can save you time and money by tailoring a finance package specifically to suit your business requirements, speak to the team today on 1300 CREDIT (1300 273 348) for an obligation-free discussion.
Does my business have to be registered for GST?
Not necessarily. Credit One has accreditations and access to products from financiers who will lend up to $35,000 to sole traders and businesses who aren't currently registered for GST.
What equipment can my business finance?
We are able to arrange tailored business and equipment finance solutions for Earthmoving Equipment, Industrial Plant Equipment and Machinery, Agricultural & Farm Equipment, Healthcare Science and Medical Equipment, Computers, IT and office equipment as well as a wide range of commercial vehicles.
What types of business and equipment finance is available?
Financial options available for businesses include:
- Equipment Finance Lease
- Novated Lease
- Operating Lease
- Commercial Hire Purchase
- Chattel Mortgage
- Equipment Rental
For further information about each type of finance, please click on the links above.
Do I need to provide business financials?
Every business profile is different, every piece of equipment is different. As such, financials may not be necessary but will depend largely on the age of the goods, your business profile, time you have been in business and your credit history. We have access to products from over 35 leading Australian financiers which allows our equipment specialists to find a business and equipment finance solution that is right for you and your business requirements. We can also help you save time, money & hassle on your insurance by provide competitive business insurance quotes.
No matter which industry you’re in, how big your business is or how long you've been in business, Credit One can tailor finance and insurance solutions specifically to suit you and your business needs.
Speak to our equipment finance specialists today on 1300 CREDIT
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