FAQ

All commercial finance products have tax deductible components but the tax benefit is realised in differing ways. Leasing and Rent-to-Own are off balance sheet finance products as the equipment remains on the balance sheet of the lender and is leased/rented to the borrower in the monthly payment. The monthly repayments are treated as an operating expense and are fully tax deductible, including the interest. With Chattel Mortgage only the interest portion of the repayments is tax deductible. The borrower realises a tax benefit on the purchase price when the equipment is depreciated each year when the income tax return is prepared, in line with the relevant ATO guidelines.

Yes. A number of self-serve resources are available on this and other websites that you are welcome to use without having to make contact. Loan Comparison Calculators available can list all business loans and the relevant interest rates currently offered. There are two fields at the top of the table where you can enter your loan amount and loan term. The chart auto-calculates repayments for each loan product based on the data entered. Equipment Finance Calculators are also available to calculate rough loan repayments. It also includes a section for a balloon/residual. You can vary the data you enter and see how the repayments change. This is a great tool for preparing your plans around how you would like your loan structured.

Yes. Finance is available through banks, brokers and broker style lenders for all types of businesses. That includes partnerships, sole traders, proprietary limited companies and other entities. Loans are sourced for the smallest and the largest businesses and those that are just starting up equally with those that have been operating for many years.

Yes. Loans are available across a wide range of medical, dental and veterinary equipment. Most lenders in the finance sector are keen to ensure that Australian medical services providers are equipped to treat and diagnose patients with the latest, state of the art equipment and devices. Finance is provided for diagnostic devices, medical appliances, treatment equipment and general equipment required by medical centres. The loans offered for new and existing technologies include Chattel Mortgage, Leasing, Rent to Own and Commercial Hire Purchase.