Asset Financing
From vehicles to equipment, we’ll help you get the tools your business needs to succeed. We’ll connect you with the right lenders, negotiate terms to suit your budget and handle all the paperwork so you can focus on growing your business.
Getting asset finance for your business in Sydney
Asset financing is a type of loan that gives your business access to important assets, such as equipment, vehicles, or machinery, without the need to pay the full amount upfront.
Typically, the asset being financed serves as collateral, just like in car loans. If you default on the loan, the lender has the right to seize the asset.
This setup reduces the risk for the lender and can help businesses get financing at more competitive interest rates than unsecured loans. It also enables your business to get the equipment it needs to stay competitive, but also maintain cash reserves you can use for other areas, such as inventory, staffing, or marketing.
We can simplify this whole process of asset financing for you, save you time, and obtain the perfect loan that will help your business grow efficiently. Speak with one of our expert brokers!
How can your business benefit from asset financing?
Improved Cash Flow
Asset financing protects your cash flow and preserves your working capital for other operational expenses or investment opportunities
Access to Expensive Equipment
It enables you to acquire the latest equipment or technology without the prohibitive costs.
Tax benefits
Payments on asset financing can often be deducted as business expenses, potentially providing tax benefits.
Asset financing options available to you
Finance Lease
With this type of asset financing, you lease an asset and make payments until the lease ends. Then, you can either pay off the remaining value and own it or return it.
Operating Lease
This is a good option if you like to switch up your equipment. It’s like renting the asset for a set period. Use it until the term's up, and then you simply hand it back.
Hire Purchase
A hire purchase is basically a purchase plan. You make regular payments on the asset, and once you’ve paid it all off, it’s all yours. Expect a small final fee just to seal the deal.
Chattel Mortgage
It's a loan secured by the asset you're buying. You own the asset from the get-go, but the lender has a 'mortgage' over it until you clear the loan.
Things to consider before getting asset financing
As with any loan, there are some risks that you might need to consider including:
Value of the Asset
If the value of the financed asset declines rapidly, you might end up owing more than the asset’s worth, particularly with a finance lease or chattel mortgage.
Repossession
Since the asset usually serves as collateral, failing to make payments could lead to the lender repossessing it, which can disrupt your business operations.
Cash Flow
If the repayments are not well-aligned with your cash flow, there could be periods where it’s difficult to meet payment obligations, potentially leading to financial strain.
Interest Rate
For agreements with variable interest rates, there’s a risk that rates could increase, which would raise your repayment amounts.
Obligation Risk
With long-term agreements, you’re locked into making payments for the duration of the lease or loan term, which could become burdensome if your business situation changes.
To make sure that you’ll get the most suitable loan for your situation, speak with us. We’ll take out the hassle of getting an asset financed so you can keep your business moving.
With 50+ lenders at your fingertips, you have the power of choice
When you set out on your own seeking a loan, banks have the power to reject you. But with us on your side, it’s the other way around. We choose the most suitable loan for your unique needs.
You’re only 3 steps away from your financial goal
Step 1
Reach out to us and let’s discuss your situation and what kind of loan you need.
Step 2
Sit back and relax while we search our network to find the perfect loan for you.
Step 3
Choose the best loan that suits your needs. Then we’ll submit a foolproof loan application to secure your financing.
Why Lend & Loan
10 years of experience
We’ve been doing this for a decade, so we’ve built strong connections with lenders and we know their lending policies inside out. This helps us find the right loans that suit your needs.
One-touch approvals
We know exactly what banks and other lenders require from the get-go. We’re experts at putting together foolproof loan applications that lenders approve without further questions.
Accessibility
We’re not like your typical 9-5 mortgage brokers. You can reach us when you need us, and we’ll get back to you within four hours.
Efficient processes
We understand that you’re busy, so we keep things simple. We try to avoid in-person meetings to save you time and make the loan process easy and stress-free.
Don’t take our word for it, take theirs.
We’ve helped hundreds of Australians
get approved for a loan and achieve their financial goals. Hear it from our
happy clients.
John has been absolutely brilliant! Helped me all the way through the application process and explained everything step by step. Great to have him in my corner navigating through interest rates, products, etc. Thank you!
- Peter Hanna
John and the team at Lend & Loan have been great through the process of our loan application. They were very responsive and always made my wife and I confident we were in the right hands. Highly recommended.
- Luke Saide
John from Lend & Loan was incredible during the process of buying our first home. He was very professional, quick at responding and was happy to answer any questions we had. I would highly recommend him to all my friends & family.
- Rachelle Obierzynski
John has been amazing to deal with from the beginning. He has been extremely patient, professional and optimistic throughout the whole process with our application and we can’t thank him enough for all his hard work! Highly highly recommend him. Thank you again!
- Maryanne Layoun
