Asset Financing To Boost Your Business
Unlock Your Business Potential with Desire Loans' Asset Finance Solutions in Australia
Are you searching for ways to obtain financing for commercial assets in Australia? If you’re looking to buy new or used trucks, containers, business automobiles, heavy machinery, or building and excavation equipment, Desire Loans can assist you in finding the perfect financing solution.
We know that asset finance in Australia can be overwhelming, so we provide a stress-free method to obtain the necessary funds. We work together with the leading banks and non-bank lenders in Australia, providing you with exceptional access to a diverse selection of financing alternatives.
Extensive Network with Suitable Solutions
Asset financing is a powerful tool businesses can leverage to secure necessary equipment, vehicles, or machinery without the need for large upfront capital expenditure. It can bridge the gap between aspiration and reality, enabling companies to access cutting-edge tools that could accelerate growth and efficiency.
Whether it’s upgrading current assets, expanding operations, or entering a new market segment, asset financing offers a flexible approach to funding. By aligning payments with revenue streams, businesses can maintain cash flow while benefiting from the latest assets.
You can rely on us to use our knowledge and extensive connections to discover the most suitable solution for your specific requirements. If you’re searching for a finance broker who can efficiently complete the job on the first attempt, the first thing you can do is contact our team. Our team is here to assist you in obtaining the necessary financing to elevate your business to the next step.
Key Benefits of Choosing Asset Financing Solutions
Asset financing is more than just a financial agreement; it’s a strategic decision that offers several distinct advantages. Firstly, it preserves working capital. Instead of depleting cash reserves on high-cost assets, businesses can allocate funds to other growth-oriented activities. Secondly, it provides predictable expenses. With fixed monthly repayments, financial planning becomes simpler and more transparent.
Additionally, asset financing often comes with tax benefits, allowing businesses to deduct payments as operational expenses. Lastly, as technology evolves, companies can regularly upgrade equipment, ensuring they remain competitive and efficient in their respective markets.
Regardless of your industry, Desire Loans offers you a range of equipment financing strategies to make your vision a reality. Whether you’re interested in purchasing or leasing new or used equipment, we can assist you find a reasonable way to spread out the cost of machinery and other assets without affecting your cash flow.
Frequently Asked Questions
Asset Finance is an important loan for many of Australia’s thriving industries. During the asset finance process, the asset you intend to buy acts as collateral during the lending process. If you’re not looking to finance a new asset, you can still apply for an asset finance business loan. This is possible by using a present personal or company asset as collateral to secure the funding for the asset.
The different types of asset finance are hire purchase, Equipment lease, Operating lease, Asset Refinance, and Finance lease.
Interest rates for secured asset financing, where the asset is collateral, are typically between 4% and 9%. Unsecured asset financing typically carries larger interest rates. However, your interest rate is contingent on the quality of the application and the degree of risk you present as a borrower.
For qualifying for asset finance, the requirements are simple. A few requirements are:
- Have been in business for at least six to twelve months (including independent contractors and sole proprietors).
- Possess an Australian Business Number (ABN).
- Are enrolled for GST
- Can demonstrate that your company’s income is sufficient to cover the monthly payments
- Have a credit record that satisfies the lender’s requirements (otherwise, you could look for a business loan for bad credit).
It may or may not be. It relies on the form of asset financing you pursue and the current state of your company. If you plan to use high-value assets your company already possesses as collateral for financing, the lender will base their decision on the asset’s value. Your own credit history is unimportant.
However, even if the loan is secured by collateral, creditors will typically still require account information. They want assurance that your company can make timely payments.
Yes, if your business is capable of meeting its financial obligations. Whether you are a sole proprietor, a partnership, a limited liability company, or a startup, you’ll find various asset-finance options and lenders to meet your needs.