Sourcing Cost-effective Finance for Compliance

Many sectors of Australian industry are heavily regulated and must meet strict compliance in regard to a wide range of aspects in their operations. Often new regulations and laws are introduced with little warning and businesses face challenges to implement the changes. In many instances, these changes involve the acquisition of new equipment, the introduction of new systems and processes and the implementation of different production techniques and practices.

Actions which can involve expenses which may put pressure on cash flow. Jade Equipment Finance eases the pressure on business owners and operators with cost-effective finance options and packages to assist with these compliance issues.

We’ve noted a number of recent developments in the compliance area which may be impacting your business.

COVID-19 Compliance Requirements

In response to the COVID-19 pandemic there have been nationwide restrictions put in place on both individuals but especially on businesses in regard to creating a COVID-safe work place. Many of these restrictions involve costs to business in the shape of investing in new equipment, systems and processes and physical changes to workplace fit outs. We are being told repeatedly that until a vaccine is in place, many of these new restrictions and compliance requirements will be in place for a long time. So a short-term fix may not be a viable option in meeting your obligations. These are all types of equipment that Jade Equipment Finance includes in the equipment we finance.

The health and medical sector has been particularly impacted with the costs of PPE and creating additional facilities. Aged care facilities are particularly in the spotlight and operators will no doubt be prioritising installing the right equipment to meet compliance to provide safety for their staff and residents.

While some of these costs may be covered by governments, some operators may be required to fund the upgrades themselves. If your medical, health or aged care facility requires finance for compliance, please contact Jade Equipment Finance to discuss your requirements.

The hospitality sector is another area under close scrutiny in regard to COVID-safe plans. Several venues have been identified as the ‘hot spots’ and the regulations that must be adhered to are very strict. Keeping records of attendance is of particular importance but the expense of installing newly developed software and technology may be burdensome to a business, especially after an extended shutdown period. The additional costs of having COVID marshals, extra cleaning processes and other measures may already be putting pressure on existing cash flow. If you’re a restaurant, bar, club, hotel or cafe operator that requires finance for new systems installations to meet your compliance requirements, Jade Equipment Finance may be able to assist you.

Our finance packages cover the cost of both hardware and software for IT purchases as well as furniture and furnishings in regard to fit outs.

Manufacturing and processing plants are also being closely watched as possible places of community transmission. Businesses may face the prospect of having to make major changes to their plant and equipment in order to meet physical distancing and other compliance measures. In some cases it may mean a move to further automation, establishing separate production lines or separate facilities. All changes that may involve new equipment and processes. Whether your business is in food processing, manufacturing and packaging, recycling plants, abattoirs or general manufacturing and engineering, Jade is the equipment finance broker to contact for cost-effective finance for new equipment.

Wide Finance Sources

When sourcing finance for compliance issues, many businesses will automatically contact their bank. However, when it comes to equipment finance, we have many contacts that may offer much more attractive loans. Jade Equipment Finance is accredited with many industry-only lenders that specialise in equipment. As specialists in this field, they tend to offer more attractive terms and are more amenable to negotiate on equipment finance interest rates.

Structuring the most cost-effective equipment finance packages for our customers is paramount to our service offering. As brokers, we work only in your best interests, negotiating hard on terms and rates.

If you do want your bank to finance your equipment acquisition, your Jade consultant can handle the negotiations with your bank on your behalf.

Compliance Finance Products

If you need to purchase equipment to comply with COVID-19 rules or any other regulations specific to your industry, Jade Equipment Finance provides the full range of commercial loan products including:-

All our finance deals are structured from our cheap interest rates which are fixed, have a fixed loan term and fixed repayments.

If you have other financing requirements beyond asset acquisition, we are a full service finance broking business and may be in a position to source solutions for you in other areas also.

We want all Australian businesses to operate to their full potential while providing a COVID-safe environment. If you need finance to comply, please call and see how we can assist you with cheap equipment finance.

To discuss your equipment finance requirements, contact Jade Equipment Finance on 1300 000 003

DISCLAIMER: THIS INFORMATION IS FOR GENERAL CONSIDERATION ONLY. INFORMATION FROM MANUFACTURERS, GOVERNMENT, INDUSTRY AND OTHER SOURCES HAS BEEN GATHERED FROM THE PUBLIC DOMAIN WEBSITES. NO LIABILITY IS ACCEPTED FOR THE INTERPRETATION OF THE PRESENTATION OR ERRORS IN CONTENT. READERS ARE ADVISED TO CONSULT WITH THEIR FINANCIAL ADVISOR OR ACCOUNTANT IN REGARD TO FINANCIAL DECISIONS IN REGARD TO INDIVIDUAL REQUIREMENTS.