Is all or some of your office space sitting empty? Space you would like to see filled with your workforce? We may be able to assist with finance for office equipment and upgrades to reconfigure and prepare workplaces to welcome staff back to the office.
As more and more Australians receive their COVID-19 vaccinations and the outbreaks appear to become less frequent, many businesses are looking to return to full capacity operations. After 18 months of business disruption, many are wanting and needing to be able to operate as close to some semblance of normality as possible. But one of the major issues facing many businesses is getting their staff back to the office. Work from home became the norm for many workforces during the peak of the pandemic and continued during the snap lockdowns. But it appears that many employees are preferring this way of working, not all have returned to work in their offices full-time and many have concerns about returning. Read more here.
To encourage and entice workers back to the office, many employers are addressing their responsibilities in regard to providing a safe and healthy workplace. A working environment that complies with both COVID-19 restrictions and conditions in their state and morally meets the expectations of their staff. For many that mean making significant upgrades and improvements to existing floorplans, work station arrangements and the physical built environment.
If new arrangements mean less staff will be working in the office at any one time, changes may include downsizing and reconfigurations. Changes may include upgrading to a new and more exciting and vibrant workspace. Upgrades may be an enticement for workers to want to return, attract new staff to the business and improve productivity levels across the operation.
But this scope of improvements can quickly add up to a significant cost. The cost of designers, builders, fit-out specialists and other consultants for starters. Then comes the cost of the actual furniture, equipment, fixtures and fittings. A very significant investment coming on top of what may have been a significant sub-normal earnings year.
Jade Equipment Finance assists businesses to upgrade and improve workplaces through cost-effective, structured equipment finance.
What equipment can be financed?
The scope of equipment finance is massive with a wide range of office equipment leasing used by and in businesses included in this lending category. Specifically, finance is available to cover fit-outs, fixtures and furniture in offices, factories, manufacturing premises, warehousing facilities, retail stores, hospitality venues and many other sectors. IT, computer and tech equipment is included.
Finance Products Available
Workplace upgrades typically include a combination of both:
- Asset acquisitions being the actual physical furniture, partitions and office equipment.
- Services of consultants, designers, builders and other trades.
For the acquisition of the assets, we offer a full portfolio of business finance options including:
- Equipment Chattel Mortgage
- Equipment Leasing
- Commercial Hire Purchase for Business Equipment
- Equipment Rent to Own or Equipment Rental
Deciding which type of finance is best suited to the specific goods and the individual businesses, requires consideration of the features and benefits of each finance facility in regards to the treatment of tax, accounting method and ownership of the goods and therefore approach to the business balance sheet.
All asset acquisition finance products are sourced by our consultants at our cheap interest rates, with fixed interest rates, fixed loan terms and fixed repayments. Each has an option for a balloon or residual which can be utilised effectively to achieve a target monthly repayment amount. You can use our online equipment finance interest rate calculator to get the best deals Australia-wide.
Financing the costs of the non-asset elements of an office upgrade such as builders and consultants can be financed through our range of business loans. Speak with one of our consultants about the options available for your business.
Structuring Cost-effective Finance
Undertaking this type of project will include multiple items to be purchased. To streamline the loan commitments, our consultants work with customers to structure a finance package that can include the cost of multiple items. Grouping multiple purchases into the same finance deal results in the one monthly repayment commitment which can ease cash flow pressure and significantly simplify the business accounting processes.
As these projects can be complex, our consultants handle each workplace upgrade finance deal on an individual basis and source the most suitable lender that will make the cheapest and the cost-effective loan offer. We are accredited with many banks and non-bank lenders so we have a vast scope of options in sourcing the deal to meet the individual needs of each business. Making use of our equipment loans calculator can come in handy to compare the best lending products for your business.
Our consultants are highly skilled in structuring complex finance deals and handle the entire process from the initial enquiry through to settlement. If progressive payments to suppliers are required, we can work with lenders to negotiate suitable arrangements.
The health and wellbeing of the workforce is a major business high priority consideration and we can provide cost-effective finance to facilitate the implementation of business plans in regard to office upgrades. If you have empty offices that you would like upgraded to accommodate the new requirements of returning staff, speak with us about how we can assist with finance.
Contact 1300 000 003 for quotes and options in regard to office equipment finance.
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.