Who Asset Finance Is Suitable For
This option may be suitable if you:
- Own or operate a business
- Need to purchase equipment or vehicles
- Want to preserve working capital
- Prefer to spread costs over time
- Need access to assets quickly
Can You Qualify for Asset Finance?
Lenders assess your business and the asset being financed when reviewing your application.
This typically includes:
- Business income and cash flow
- Time in operation
- Credit history
- Value and type of the asset
- Overall financial position
Because the asset is often used as security, approval may be more accessible compared to unsecured lending.
We assess your situation upfront and match you with lenders that suit your business profile and asset type.
How Asset Finance Works
Asset finance allows you to borrow funds specifically to purchase an asset, which is then repaid over an agreed term.
The asset itself is usually used as security for the loan.
Loan terms typically depend on:
- The cost of the asset
- The expected lifespan of the asset
- Your business financial position
- The lender’s structure
We help you structure your finance so repayments align with your business cash flow and usage of the asset.
Types of Asset Finance
There are several ways to structure asset finance depending on your business needs.
Common options include:
- Chattel mortgage for vehicles or equipment
- Finance lease where the lender owns the asset during the term
- Operating lease for short to medium-term use
- Hire purchase where ownership transfers at the end
Choosing the right structure can impact tax, cash flow, and ownership.
We help you compare these options and choose a structure that suits your business and financial strategy.
How Much Can You Borrow?
The amount you can borrow depends on your business financial position and the asset being financed.
Lenders will consider:
- Your business income and cash flow
- Existing financial commitments
- Asset type and value
- Loan term and structure
We help you understand your borrowing capacity and identify suitable funding options.
Things to Consider Before Applying
Before choosing asset finance, it is important to understand the structure and long-term impact.
Consider factors such as:
- Total cost over the loan term
- Ownership of the asset
- Loan structure and repayment schedule
- Suitability for your business cash flow
We guide you through these considerations so you can choose the right finance option for your business.
How the Asset Finance Process Works
Applying for asset finance typically involves several steps.
These include:
- Identifying the asset you want to finance
- Reviewing your business financial position
- Comparing lenders and loan structures
- Submitting your application
- Approval and purchase of the asset
Our team manages this process with you to help ensure a smooth and efficient experience.
How We Help With Asset Finance in Perth
As a finance broker in Perth, our team helps businesses compare lenders and structure asset finance that suits their operational needs. We help you:
- Compare asset finance options across multiple lenders
- Understand loan structures and repayment terms
- Identify suitable finance solutions for your business
- Prepare documentation for lenders
- Manage the finance application through to approval
With access to multiple lenders, we help you secure finance that supports your business operations and growth.
Speak With Our Team About Asset Finance in Perth
If your business needs funding for equipment, vehicles, or other operational assets, reviewing your asset finance options is an important first step.
Get in touch with our team today to discuss asset finance options in Perth and explore the funding solutions available for your business.