Small Business Equipment Loans

  • Small engineering workshop looking to replace ageing machinery?
  • Small-scale manufacturer looking to acquire new equipment to open up new markets?
  • Small medical partnership needing new devices and technology to provide essential services?
  • Small business fitness professionals seeking to expand services with the latest equipment?
  • Small agricultural concern wanting to invest in new innovations and technology?
  • Small contractor wanting to purchase backhoe, excavator etc to expand services?
  • Small landscaping business wanting to upgrade equipment?
  • Small family business wanting to expand and need new office and IT equipment?

Small businesses are in just about every sector of Australian industry. According to figures published by the Australian Small Business and Family Enterprise Ombudsman, in 2019 there were more than 2 million small businesses in Australia which collectively accounted for more than 35% of the country’s GDP and employed around 44% of the workforce.

That’s an amazing contribution. Politicians continually applaud and mention small businesses for their efforts but when it comes to seeking finance to invest in new equipment – hello, are you there? Yes, the requests often fall on deaf ears or at the very least, businesses face massive challenges in terms of tight lending requirements of the banks.

Jade Equipment Finance is not deaf to small business and we certainly do not pose challenges for our customers. We work on achieving positive and workable financial solutions for our small business customers.

Our services are not the exclusive territory of big business. Our finance broker services are readily available and easily accessible to all sized businesses in all industry sectors –building, medical, agriculture, engineering, fitness and health, beauty salons, manufacturing, transport, creative, IT and digital, consultancies and the professions, retail, landscaping – the list goes on.

By the ATO definition, for tax purposes, a small business entity is defined as having an aggregated turnover under $10m and less than 15 employees. These may include sole traders, family businesses, small companies and partnerships.

Specialist Small Business Services

Small businesses may benefit significantly by using the services of a finance broker as we have the access and connections with many lenders including those that specialise in particular industries and that specialise or welcome loan requests from small businesses.

Often these are industry-only lenders which are not accessible directly by businesses. Our brokers have the flexibility to negotiate terms and conditions and cheap equipment finance interest rates on behalf of our clients. While banks make you fit their tight requirements, we work at achieving tailored finance packages that suit your business.

Types of Small Business Finance

The range of commercial finance products offered by Jade Equipment Finance are suited to both large and small businesses, depending on the specifics of individual companies. The loans differ in suitability for either the cash accounting or the accruals accounting method; the treatment of GST (at what stage of the loan term a business can claim GST); the tax deductibility of the various loan elements; how the equipment can be depreciated; and on which balance sheet, lender or borrower, the equipment is entered.

The loan features offer different benefits to businesses depending how the business is structured and specific financial goals. We always advise our customers to consult with their accountant as to which finance type will best achieve the best outcome for their business. Your accountant knows your accounts set-up and most likely has a long-term outlook for your business, so they are best-placed for that decision.

The Jade Equipment Finance portfolio includes:-

We have covered the details – features and benefits – of each of these loan types on our web pages, so please refer to these for all the information.

All Jade Small Business Equipment Loans include:-

  • Fixed interest rates at the lowest rates we can achieve
  • Fixed Loan Term
  • Fixed Monthly Repayments
  • No deposit possibilities
  • Balloon/residual options

Equipment Finance Specialist Solutions

For businesses just starting out that do not have all the documentation demanded by the banks for finance, we may be able to source you a solution. We have contacts with lenders that consider No Docs, Low Docs and ABN Loans for equipment for small businesses.

These types of loans are rated at a higher risk assessment than fully documented loans and as such attract a higher interest rate and some special conditions may also be applied by individual lenders. But they do offer solutions! If you’re in that situation, please don’t hesitate to reach out to Jade Equipment Finance and have a discussion about your options.

If you’re a small business operator seeking finance to invest and upgrade your equipment, contact us for a great finance solution.

To discuss a small business equipment loan, contact Jade Equipment Finance on 1300 000 003

DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN THE PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.