Partnering With Tomorrows
Industry Leaders
What we offer you
Asset Alley Plan
New Business
Helping workers become business owners with purchasing their first asset.
Introduction to a trusted accountant to help you prepare a cash flow forecast so you understand the expected income vs expenses of getting into business. If the numbers make sense, we help you finance your first asset.
Asset Alley Plan
Existing Business
Helping businesses owners with a pre-approved facility with a bank to achieve growth >$20million
Asset Alley Plan
Stand-Alone Finance
Helping you finance anything on wheels, machinery, and business equipment.
Industries We Help Finance
Civil/Earthworks
Manufacturing
Concrete Pumping
Transport
Construction
Demolition
Waste Recycling
Removalist
Forestry
Mining
Loan types we can help with:
01Chattel Mortgage
A chattel mortgage is the most common finance option for assets and allows the purchaser to take ownership of an asset upon settlement. The lender funding your purchase takes mortgage over the asset as security. The chattel mortgage houses a plethora of benefits. It has a fixed interest repayment each month, and the interest accumulated on the loan is tax deductible for businesses. Further to this, the loan terms available span from 1 to 7 years, and balloon options can reduce principal repayments which can assist with affordability. GST on the vehicle price can be claimed as an input credit on your next Business Activity Statement.
The advantages are summarised below:
- Flexibility of length from one to seven years
- A balloon payment may be applied to reduce payments
- Fixed interest & monthly payments
- Tax deductable when used for business
02Hire Purchase
A Commercial Hire Purchase is an arrangement that allows you to hire the asset or vehicles from the lender for a fixed monthly repayment. Under the agreement, lenders will purchase the asset and hire it back to you over an agreed term. While you have the use of the asset you are not considered the owner until you have made all the repayments including any pre-agreed residual value.
The advantages are summarised below:
- The residual amount can be placed on the contract
- Business usage can be claimed as a tax deduction
- GST is only applied to the fees and interest
- The GST can be claimed on the price, fees and interest
03Asset Lease
An asset lease is a finance option that enables you to operate an asset or piece of equipment while the lender who funds the asset retains ownership of it. Unlike other finance options, instead of paying a finance repayment, the fixed repayments made each month are classified as lease repayments which hold tax benefits for businesses. When the lease matures, you have the opportunity to either purchase the asset and take ownership or sell the asset.
The advantages are summarised below:
- Flexibility
- Fixed Interest & Payments
- No asset ownership
- Tax deductible
04Equipment Rental
An Equipment Rental is an agreement between you and a lender whereby you rent the asset or equipment over a fixed period, who purchases it on your behalf. Rental payments are paid throughout the life of the agreed period and once the cost is paid in full you have the opportunity to purchase the equipment at market value or leave it with the lender. There are a number of similarities shared between a rental and a lease, and our team would love to clarify any questions you may have.
The advantages are summarised below:
- Flexibility of terms
- Great for short term equipment requirements
- Payments can be claimed as a tax deduction
- The equipment is not considered an asset or the debt a liability