There can be any number of issues that can hold a business back from realising its full potential. One of the major ones can be difficulties in obtaining loans to acquire the assets they need. Many operators can need help to get equipment finance. The reasons for assistance can be varied and can include time constraints; knowledge of the options available; not having a full grasp of the terminology and requirements; language barriers; credit issues and other issues around their business set-up.
Whatever the reason that is inhibiting your ability to secure the financing required for your business, assistance can be quickly and directly accessed through finance brokers. As a commercial finance broker, Jade Equipment Finance provides specialist assistance for all types of businesses that need help to get equipment finance.
Specialist Help to Get Equipment Finance
The role of the finance broker is different from a bank or other lender and different from a financial consultant and an accountant. The role is to specifically source the most suitable, most affordable and workable credit for the client.
Services provided by a broker can vary but typically include taking the client’s brief of their requirements, contacting lenders to find the best interest rate and best offer, negotiating with the lender, structuring the financing to meet the client’s requirements, and handling the settlement process – finalising the purchase with funds from the lender.
While the broker handles all these steps, all decisions are made by the client. The broker will present any quotes or offers to the client for their consideration. It is always the client’s decision whether or not to proceed.
Brokers are not banks or financial institutions. They source funds from a wide selection of credit providers, which can include banks, specialist non-bank lenders and financial companies. The lender must provide their approval for a broker to approach them to source funding on behalf of clients. This is known as accreditation. The larger the number of accreditations that a broker has been granted, the more options and opportunities they may offer for clients.
Assistance for All Types of Businesses – New and Established
Getting help from a broker is not restricted to any particular type or size of business operation. All businesses can use the services, even small and new businesses. Businesses that are just starting up can particularly benefit from broker services through the access to lenders that provide loans without full documentation or financials.
Time is a major factor holding back many operators from securing financing. Using a broker can significantly reduce the time that a business owner needs to spend on sourcing a loan.
Help to Get Equipment Finance for All Assets
Assistance can be obtained for financing all types of business assets - plant, machinery and other business equipment. Some brokers may specialise or focus on particular industries or sectors, but Jade handles loans for all types of business assets.
We assist operators in all industries – sourcing loans for farming machinery from big names like CASE IH, Deere, JCB; construction machinery loans from Caterpillar and others; assets for general business, retail, hospitality, medical, engineering and other sectors.
Getting Help with All Types of Credit Facilities
Not understanding the options available, not knowing what the financing terminology means, can hold business owners back from sourcing credit. We assist by providing the full selection of asset acquisition credit facilities – Chattel Mortgage, Leasing, Rent-to-Own and Commercial Hire Purchase. Our brokers clearly explain all the details of any offer in an easy-to-understand way. We do recommend that clients refer to their accountant for advice on which is the most suitable facility for their business. The decision can depend on the accounting method used.
If credit issues are holding you back, we may have solutions through our specialist non-bank lenders. If being a new operation is preventing you from getting approved for a loan, we may assist with our low doc and no doc loans.
Help to Get Equipment Finance Best Interest Rates
It can be common practice for business owners to simply, and only, apply to the bank they use for their transactions for machinery loans. The major banks can be competitive but not always the most competitive on interest rates. Having access to the large lender base we provide can be the assistance needed to access better interest rate loans.
Rates can vary considerably across the lending market. Having specialists cover off on many lenders to find you the best rates, can be a great help for many business owners. Assistance with securing the cheapest loan, easing cash flow pressures, and working towards a more profitable venture.
Working with a Finance Broker
Don’t let a lack of confidence or sense of reluctance through being embarrassed to ask for help hold your business back. Many large, well-established business owners always use brokers to handle their financing. They appreciate that using specialist expertise will not only save them valuable time but they can source more affordable financing at the best interest rates.
There is no special forms or processes needed to use our services. Contacting our brokers is made directly, without any referral. Business owners can contact us using our online enquiry forms or by phone. No obligation is attached.
A wealth of information is also available on our website in the News & Tips section and a free estimating tool available with our Finance Calculator.
If you have issues around sourcing affordable loans that are holding your business back from achieving optimum performance, contact Jade for professional, expert assistance
For help to get equipment finance, contact Jade Equipment Finance on 1300 000 003
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.
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