Finance Your Businesses Equipment

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What is Equipment Finance?

Equipment Finance is financing a New or used piece of equipment for your business, the funding/loan is secured against the value of the equipment.

Generally, a business will look at Equipment finance options so as not to impact cash flow by making a payment in full, rather spreading the payments out over a longer term.



Not all lenders have the same internal policies to be met for Equipment Finance, such as;

age of goods, private sales, Buy backs, deposit requirements, valuation or inspection requirements, payment cycles, finance terms, & time in business.


Worth Finance can help with navigating through the lenders, the required information and give a cost comparison across different lenders to ensure the best result for your equipment finance.

We can help you too...

Buying New Equipment

This is a reasonable straight forward transaction when being purchased directly from a dealer or manufacturer.


Requirements:

  • Tax Invoice with ABN’s, contact details account details, made out to the borrower etc.
  • Last 2 years Financials
  • Current ATO portal information
  • Current debt commitment schedule
Get in Touch

Buy Back

When you may have purchased with cash due to timing constraints etc and then look to finance via a pay back/buy back.


A few more details could be required with this, Worth Finance can help;

  • Original Tax Invoice with ABN’s, contact details account details, made out to the borrower etc
  • Last 2 years Financials
  • Current ATO portal information
  • Current debt commitment schedule
  • Proof of payment (Transaction remittance or bank statement)
  • Tax invoice with $0 balance owing
  • The Equipment Finance lender may require a partial release from your existing banks GSA charge (if they are different lenders)
Get in Touch

Private Sale

Where equipment finance is required for the purchase of equipment from a private seller.


There is more information required with a purchase like this, Worth Finance can help;

  • Tax Invoice with ABN’s, contact details account details, made out to the borrower etc
  • Seller to sign the Tax Invoice
  • Is there existing finance on the equipment, a payout letter from the existing Financier is required.
  • Deed of release or partial release from sellers bank GSA (General Security Agreement)
  • Proof of the sellers account details for payment.
  • Possibly seller identification for the Equipment finance lender to check if there are charges against the equipment.
  • Last 2 years Financials
  • Current ATO portal information
  • Current debt commitment schedule
Get in Touch

Buying New Equipment

This is a reasonable straight forward transaction when being purchased directly from a dealer or manufacturer.


Requirements:

  • Tax Invoice with ABN’s, contact details account details, made out to the borrower etc.
  • Last 2 years Financials
  • Current ATO portal information
  • Current debt commitment schedule
Get in Touch

Buy Back

When you may have purchased with cash due to timing constraints etc and then look to finance via a pay back/buy back.


A few more details could be required with this, Worth Finance can help;

  • Original Tax Invoice with ABN’s, contact details account details, made out to the borrower etc
  • Last 2 years Financials
  • Current ATO portal information
  • Current debt commitment schedule
  • Proof of payment (Transaction remittance or bank statement)
  • Tax invoice with $0 balance owing
  • The Equipment Finance lender may require a partial release from your existing banks GSA charge (if they are different lenders)
Get in Touch

Private Sale

Where equipment finance is required for the purchase of equipment from a private seller.


There is more information required with a purchase like this, Worth Finance can help;

  • Tax Invoice with ABN’s, contact details account details, made out to the borrower etc
  • Seller to sign the Tax Invoice
  • Is there existing finance on the equipment, a payout letter from the existing Financier is required.
  • Deed of release or partial release from sellers bank GSA (General Security Agreement)
  • Proof of the sellers account details for payment.
  • Possibly seller identification for the Equipment finance lender to check if there are charges against the equipment.
  • Last 2 years Financials
  • Current ATO portal information
  • Current debt commitment schedule
Get in Touch