Equipment Finance
An Equipment Loan is a loan that you take out to purchase equipment for your business. Like a home or car loan the equipment is used as security against the loan.
How you and your business benefit:
Essentially the equipment belongs to you, it is simply mortgaged to us and you can repay the debt at any time before the end of the loan term.
Both the borrowings and the repayments are GST free.
The interest charged and the depreciation of your equipment may be tax deductible, so long as your equipment is being used to generate assessable income. Ensure that you contact your accountant to verify if this applies to you.
Documents required to complete an application for Equipment Finance:
- Financial statements
- Cash flow projections
- Trade and other references
Other Asset Financing Methods we can arrange:
- Hire purchase
- Novated Lease
- Finance Lease
- Fleet Leasing & Management
- Operating Lease
All terms and conditions indicated by Great Southern Loan Pty Ltd are subject to change. Actual terms and conditions of all loans will be set out in the loan contracts.