A global pandemic and global economic crisis requires some clever, strategic, smart business thinking to survive and thrive. Many businesses have been forced into shutdowns and lockdowns, others have seen their markets disappear as a result of border closures, travel restrictions and other regulations. So what are you going to do? Try thinking outside the square. Looking outside your comfort zone and beyond your ‘business as usual’ sphere for opportunities. Consider engaging with projects, measures, programs and new ideas that will enable your business to take on new projects, operate in new markets and adapt to the new normal.
During the early part of the pandemic we saw many companies pivoting into new areas to meet emerging and sometimes urgent demands. Chances are some of those pivots may be permanent manoeuvres.
But just like many of the ‘pivoters’, chances are you’ll require support by way of workable and cost-effective finance to make it happen. Approach the bank with an ‘outside the square’ business idea and you might end up – outside. Banks don’t always have the flexibility to adapt to offering equipment finance outside their own square of guidelines.
As an Aussie finance broker and forward-thinking company, Jade Equipment Finance is ideally positioned to assist businesses with finance for the equipment they require to make those outside the square ideas happen. Finance to incorporate new technologies, install new machinery, commission new processes, design new systems and invest in the required machinery and resources for your new business model or to suit your new workflow.
While we are accredited with all the major banks as sources of finance for our customers, we are not limited to only the banks. We are accredited with many non-bank lenders, including those that specialise in equipment finance. These specialist and industry-only lenders can usually be more flexible and open to interesting asset acquisitions.
We’ve been staying across the media in regard to new business opportunities and we’ve brought together just a few to get you thinking.
Be a Part of the Solution – Funding for Vaccine Production
Maybe you’ve never thought that your business could play a role in a highly significant world-changing way. Well maybe this is your chance. Much of the conversation around COVID-19 is moving to talk around a vaccine. Which one of the apparently 150 being developed, tested and trialled worldwide will be successful? When will it be available? How will it be produced? How will it be delivered to the population.
The Prime Minister, Scott Morrison recently signed the agreement of intent to secure the Oxford vaccine for Australians. So the focus has shifted is on ensuring Australian industry is resourced to produce what is required for both the production and the roll-out.
While pharma companies will be tasked with manufacturing the actual vaccine, we have seen call-outs from different government sectors for companies equipped to produce the glass vials and packaging which will be required. Then there will also be a need for the logistics and distribution systems and processes.
Can you see your business getting involved in some way in regard to a COVID-19 vaccine? What equipment does your business require to be part of the solution?
Jade Equipment Finance provides a range of finance products for the purchase of all types of equipment:
- Medical and pharma equipment finance
- Manufacturing machinery and equipment finance
- Printing and packaging equipment finance
- Technology systems finance
Why not discuss your plans with one of our consultants and see what cheap finance offers we can source for your equipment requirements.
Aviation and Transport Ideas
Air travel has been hard-hit by border closures but we have read reports that some people are changing the way they get from A to B. Due to issues around interstate travel, reportedly some business people are chartering private executive jets rather than taking a commercial flight. This trend has apparently created unexpected opportunities for businesses in the executive and private aviation sector.
Tourism has been hard-hit but how can you adapt to a changing market if you’re in aviation? Take guests on a pub crawl in a remote area by plane? Yes, that’s happening also with a designated pilot.
What opportunities do you envisage for your transport business that new equipment may facilitate? Speak with a Jade consultant to discuss how we can work with you to bring your ideas to fruition.
‘Outside the Square’ Finance Options
While we of course operate within our compliance requirements as a licenced finance broker and member of the FBAA, Jade Equipment Finance thinks and works on a range of solutions to assist businesses with equipment acquisitions.
- Utilising non-bank lenders that often have greater flexibility.
- Access to industry-only lenders that only work through a select group of brokers.
- Accredited with industry-specific lenders that fully understand how business in key sectors operate.
Whatever ideas you come up with when you start thin king outside the square, if they require finance for new equipment, then we want to hear about them and source you an offer.
For financial solutions on all types of equipment, contact Jade Equipment Finance on 1300 000 003
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