Australian businesses can be extremely innovative in developing new products. But getting those new products from concept through to full-on production can at times, and for some, require a lot more than ingenuity and innovation. It can require having the right plant and machinery to produce the goods. New production lines, systems and machines may be needed to move prototypes into production and onto consumer markets. New machines may also be required to affect a change in the way existing products are packaged to incorporate recyclable and sustainable practices. New machinery and systems that can require low interest rate, affordable production plant finance.
Jade Equipment Finance supports businesses to get new products, lines, variants and models into the manufacturing phase with affordable equipment financing. It may be a variation on a popular product or a completely new line being introduced into the range. It may be a food product, a new treatment or medicinal product, a new technology component or a new fashion line.
We assist enterprises with funding to acquire machinery units to set-up the new facilities, digital and computerised systems and installations to update and modify existing facilities to cater for the new product, storage and packaging facilities to support the new processing methods and systems. Modifying packaging systems is a key area that many producers will be facing, or need to face in the future, to comply with packaging laws.
Whatever the industry, if new manufacturing facilities or units are required, we have the expertise, funding options and lenders to provide workable machinery credit solutions.
Production Plant Finance Products
Machinery units and processing lines are assets and the full range of asset acquisition credit facilities are available to fund their purchase. These products are Commercial Equipment Chattel Mortgage, Rent-to-Own, Commercial Hire Purchase and Leasing.
The decision as to which facility to select is based on factors associated with structure of the entity and the approach the entity takes to taxation and its balance sheet. Leasing, Rent-to-Own and CHP suit entities that use the accruals method of accounting. Chattel Mortgage and CHP suit entities that use the cash method of accounting.
The interest rates are different for the different facilities with CHP and Chattel Mortgage attracting the lowest rates of the selection. Rates will differ for offers from different lenders. With our depth of commercial lending market coverage, we have the resources to select the lender that is best-suited to both the entity and the assets being funded.
Individually Structured Production Plant Finance
With our individual approach and focus, we source and structure funding outcomes specifically to meet individual customer objectives. Where a processing line includes numerous units, we can work to including these multiple items of machinery in the one funding package. Simplifying repayments and easing pressure on cash flow.
Refinancing Business Machinery funding to better position the business to take on new lending for the required new machinery may also be an option for consideration.
We can discuss a holistic approach to the funding requirements of the entire operation to make acquisition of the new machinery affordable and workable. Options may include Secured Business Loans and Overdrafts as well as refinancing. Options which may better set the operation up to move forward with producing their new lines. Operators are welcome to a confidential, no-obligation conversation with one of our brokers to work through the possibilities.
Optimising Tax Benefits from Production Plant Finance
Our Australian-based brokers stay across developments in the tax regulations and benefits associated with asset acquisitions. It is integral to our operations and enables our team to support customers to optimise their funding for the latest tax rulings.
In the Federal Budget 2023/24, the Treasurer announced IAWO for smaller operators for new asset investments up to $20,000. This is to be enacted but we will discuss latest developments at the time of enquiry.
All commercial funding products include tax deductions but these measures do vary.
Budgeting for Production Plant Finance
When considering the development of new products, operators will prepare many budgets and forecasts. This can include both the costs of the product development and the expenditure required to set up the manufacturing facilities.
Using our finance calculator allows for obtaining quick estimates on new funding to include in those budgets. Speaking with our brokers ahead of acquisition can benefit business owners get a clearer picture of their funding options and possible quotes.
Businesses and Industries We Assist
To remain competitive, many enterprises across all industries may need to continually meet consumer expectations with the release of new products and lines. Satisfying demand while retaining productivity and profitability.
Food processing, medical supplies and treatments, engineering, parts and components, technology and computers, fashion and clothing design and manufacture and many more – we assist all sizes and types of operations across all industry sectors.
Whether a large scale manufacturer, SME or an artisan looking to move their ideas to the next level, speak with us about how we can secure affordable funding for the machinery you require.
Contact Jade Equipment Finance on 1300 000 003 for affordable Production Plant 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.