Asset Finance Broker in Melbourne
If you’re a business owner, you might have heard about asset finance and wonder what exactly it is and how it can be helpful. There are a range of options available in this finance, each with its features that can be beneficial for your business.
In simple terms, asset loan helps businesses acquire essential assets such as equipment, vehicles, and other resources without paying large amounts upfront. This covers items such as cars, trucks, machinery, and real estate. This makes it easier for businesses that need large investments to grow, expand, and achieve their targets.
Partnering with an expert asset finance broker like 7 Mortgages can make asset financing easy. We are dedicated to helping you secure the right funds for your business in Melbourne. Every business is unique and has different requirements. Hence, our team works with you to deliver tailored solutions.
Rest assured, you will access flexible and competitive finance options for your goals. With our expertise, you can easily navigate the asset finance options and find the best one to support your growth. Also, we’ll streamline the process so you can focus on confidently growing your business.
Type of Assets Finance We Offer
We have different types of asset finances to help your business’s needs, such as:
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Vehicles
We offer financing to purchase vehicles such as cars, trucks, vans, and forklifts. These are essential for business’s transport and logistics operations. Whether you plan to expand your fleet or replace old vehicles, we offer flexible solutions to cover those needs.
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Equipment
Our finance solutions cover essential equipment such as machinery, construction tools, medical devices, and other office supplies. This helps companies increase their productivity and efficiency.
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IT and Technology
Staying updated with the latest technology is necessary to stay competitive in the market. That’s why we also cater to technology needs, such as providing funds for computers, servers, and software.
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Other Assets
We finance renewable energy sources and systems to support sustainable practices within your business operations. This includes solar panels to power manufacturing or electric vehicles for eco-friendly transportation and logistics.
With asset finance, you can get the necessary tools and resources without the stress of paying large amounts initially. This allows your business to thrive and scale as needed.
Benefits of Asset Finance for Business
Asset-based loans or finance offers companies certain benefits that can greatly improve their financial health and operations. Here are some of the advantages you can get from asset financing:
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Improved Cash Flow
These finances don’t require huge upfront payments for purchasing equipment or vehicles, so you can maintain a steady cash flow. This fund can then be used for operational needs. It can also be invested in growth opportunities, manage daily expenses, and handle unexpected financial challenges easily.
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Tax Benefits
Asset finance is a smart choice for financial management. It can allow businesses to claim tax deductions on interest payments. This reduces taxable income and frees up funds for reinvestment.
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Access to Latest Technology
These loans help companies acquire the latest technology to stay updated. Access to the latest tools and equipment will increase your business’s productivity and service. This allows companies to meet customer needs efficiently.
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Increased Efficiency
Upgrading equipment through this loan can smoothen the process, reduce downtime, and improve efficiency. This means productivity will increase at lower costs. This way, businesses get the most out of the resources.
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Business Growth
It aids business growth by allowing companies to expand and take on more work without initially needing much money. This flexibility will enable them to try new ideas, improve services, and reach bigger goals over time.
So, are you ready to fuel your business growth? Contact 7 Mortgages, your trusted asset finance broker in Melbourne. With us, unlock the tools, equipment, and tech you need to expand your business. You can reach out to us on 03 9544 2642/ 0413 277 413 or email us at admin@7mortgages.com.au. Discover how our tailored solutions can help boost your success.
FAQs About Asset Finance
How much money can I borrow from asset finance?
The amount you can borrow from asset finance depends on the type of asset, its value, and how much credit a person gets.
How long is the repayment term for asset finance?
Repayment terms can vary according to the policies set by your chosen lenders. It can usually range from one to several years. You can contact us to get more details on this.
What are the eligibility requirements for asset financing?
To qualify for asset financing, you need a registered business, satisfactory credit, and asset type.
How long does it take to get approved for asset finance?
Approval time can vary according to lenders, the application, and whether all documents were provided. Standard asset finances are typically approved within a day, but more complex applications might take longer than 2-3 days.
What documentation do I need for an asset finance application?
You need financial statements, business plans, credit history, asset details, and personal IDs. Having these documents ready before you apply can help streamline the process.
What Makes Us Different
Explain the costs & process
Your broker can explain all the costs and steps involved in buying a home and give you a realistic picture of what you can borrow.
Apply for incentives
We’ll let you know whether you’re eligible for government incentives such as the First Home Owners Grant and help with the paperwork.
Help you get pre-approval
If you haven’t yet found the right home, your broker could help to organise pre-approval so you know exactly what you can afford.
Support you all the way
When you’re ready to move ahead, your broker will prepare all the paperwork and support you at every step to settlement.
Get the Best Loan Offers in Best Rate of Interest in Australia.
Talk to us today for expert advice and support at every step.
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