“Asset finance” refers to several kinds of finance that can be secured against small or mobile business assets such as vehicles, heavy machinery, shop fit-outs, office furniture and technology for offices, medical equipment and so on.
Contractors, retail shops, warehouses and factories commonly use asset finance.
Asset financing can greatly improve your cash flow and help you expand to take on new work. As it’s secured against working assets that produce income, the costs are usually well balanced against income.
Asset finance options include chattel mortgages, novated leases and finance leases. Each has advantages and disadvantages that suit it to different commercial circumstances.
Call for an appointment with one of our lending managers, we’ll help you sort it out to best suit you.