Looking for Equipment Finance on the Gold Coast? Talk to Professional Lending Solutions
As a qualified equipment finance broker on the Gold Coast, I’m available to help you through every stage of the finance process, making the process simple and straightforward.
An equipment loan on the Gold Coast isn’t like a typical home loan. Each lender will have its own unique criteria for assessing eligibility and offer a variety of loan structures. Determining which lender and loan product will be best for you can be quite a complicated process. And choosing the wrong equipment finance loan could seriously hinder the future of your business. Fortunately, this isn’t a process that you have to navigate through on your own. Professional equipment finance brokers can provide invaluable help.
Equipment finance for Gold Coast business owners has the potential to be a major headache – but our equipment finance brokers can make things much easier. This is because we:
When you’re working with the team at professional Lending Solutions, you won’t have to worry about whether or not we have ulterior motives. Our goal is to deliver the best possible equipment finance solution for your business, with no caveats or hidden agendas. We won’t favour one particular lender over the other, and our only loyalty is to you as our client. This means we’d never recommend an equipment loan that we didn’t think was a good fit for your business – even if that would be the quickest and easiest option for us!
As the owner of a small business, I completely understand how frustrating “business hours” can be. I don’t always have time to schedule appointments during “business hours” …I’m too busy running my business and meeting with clients. That’s why our equipment finance brokers offer flexible appointments that are designed to suit you. We can meet up when and where it best suits you, so you won’t have to take time away from more important things.
We’ve been dealing with equipment finance for Gold Coast business owners for years now. That means we have a detailed understanding of the various loan products available and established relationships with the creditors on our lending panel. In other words, I know which lenders are most likely to approve your equipment finance application. I also appreciate that some applications won’t present all that well on paper – which is why I communicate directly with lenders to explain any potential red flags on an application. This personalised approach can often be the difference between a lender saying “yes” or “no”.
Basically, there are two different ways to get an equipment loan. The first option is to meet with a broker who will immediately start pushing you towards a specific equipment loan. They’ve barely taken the time to ask what kind of equipment you’re planning to get, and already they’re pulling out a contract. Needless to say, this isn’t going to give you the results you deserve.
The second option is you meet with a broker who is interested in what you’re trying to achieve. They ask questions, review all the details of your business and gain a thorough understanding of your current financial situation. Only once they’re 100% clear on what is required will they start comparing loan products to identify which lender can provide you with the best possible results. At Professional Lending Solutions, you’ll always receive this kind of personalised service because we actually care about getting you the right solution, not just the easiest solution.
While it might seem like the Australian finance industry is a pretty slow-moving beast, the reality is actually very different. New lenders and new equipment loan products are constantly joining the market, each with its own unique list of pros and cons. And just because a certain lender was offering fantastic loan products 2 years ago, that in no way guarantees they’re still providing new customers with the best equipment finance solution. We’re continually updating our software, reviewing our lending panel and researching new products on the market…so we can always offer advice that is relevant and up to date.
Equipment needs tend to change over time. Businesses grow, machinery starts to break down, new staff arrive and prospects change. So, it makes sense that you would want a broker who can help you apply for an equipment loan now…and then again, a few years down the track. Fortunately, the team of equipment finance brokers at Professional Lending Solutions aren’t going anywhere. I’m extremely proud of the reputation we’ve built as an equipment finance broker for Gold Coast business owners, with many becoming repeat clients over the years.
If you’re buying or financing equipment for the first time, we can help you fund the following equipment purchases (and much more!):
Vehicle Finance
Plant Machinery
Construction Equipment
Office Equipment
Farm Machinery
Are you wondering about your borrowing potential or what the repayments would be on an equipment loan? You can now calculate your repayments and get an equipment finance quote tailored to your business needs in under 60 seconds.
There is a lot of variety when it comes to the different kinds of equipment finance on the Gold Coast. This may seem needlessly confusing at first but, trust me, it’s actually a good thing. The different loan structures and finance models make it easier to customise equipment loans, so you’re more likely to end up with a solution that has been tailored to suit your needs. The most popular equipment loans include:
If you’ve recently bought some new equipment (within the last 3 months) and you now find yourself a bit strapped for cash, then a sale and leaseback could be the solution. Under this kind of arrangement, the lender will purchase the piece of equipment and then rent it back to you. Once the loan term expires, you regain full ownership of the equipment.
With a finance leasing arrangement, the lender is the one who buys the equipment, and you then rent it off for them for a fixed monthly amount. At the end of the loan term, you’ll be able to choose whether you want to continue renting the equipment, give the equipment back or purchase it from the lender at market value.
This kind of equipment loan is similar to finance leasing. But with a commercial hire purchase, once the loan term ends, you have the option to make a final residual payment to the lender, at which point you’ll be granted full ownership of the piece of equipment. If you don’t want to buy the equipment outright, you have the option of refinancing the residual payment, or you can even apply for a brand new commercial hire purchase for a different piece of equipment.
A chattel mortgage is similar to how most traditional car loans operate – you take immediate ownership of the equipment, and the equipment acts as collateral against the loan. As a secured loan, you may be eligible for a more competitive interest rate. But if you fail to meet your repayments, the lender is entitled to repossess the equipment.
This can be a great solution when you have employees who need a suitable work vehicle, but you don’t ultimately want to be responsible for it. A novated lease is a kind of car loan that allows for payments to be made on an employee’s behalf by deducting the cost from their pre-tax wages.
If you’re planning to purchase equipment and you want to find out more about equipment loans, then the team at Professional Lending Solutions are here to help. Just give me a call today on Ph: 0421 934 033 or Ph: 07 5597 6049, and I’ll happily answer all your questions. We can then start putting together a tailored equipment finance package that will be an ideal fit for your business needs.
