Need Equipment Finance on the Gold Coast?
Professional Lending Solutions can help you secure the right equipment finance deal for your business.
Our experienced team of Gold Coast equipment finance brokers has access to a wide range of lenders, ensuring you get the right loan at the right interest rate.
Expert Advice: We guide you through the entire process.
Tailored Solutions: We match you with the most suitable finance option.
Fast Approvals: We expedite the application process and work with lenders to get you the result you need.
Competitive Rates: We negotiate competitive deals thanks to our long-standing relationships with lenders.
Don’t let complex finance options slow down your business. Let us handle the paperwork and secure the funding you need.
Chat to our our team today to avoid choosing the wrong equipment finance loan that could seriously hinder the future of your business.
Let us help you get approval first and every time with the right loan structures for business success.
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.
With an equipment loan, you can finance a variety of business equipment to help your Gold Coast business thrive. Whether you need to upgrade your existing tools or invest in new technology, equipment finance can provide the necessary funds. Here is a list of some of the types of items you may need equipment financing for when starting, or growing, your business.
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.
One of the primary benefits of equipment finance is its ability to free up valuable cash flow. By financing the purchase of equipment, businesses can avoid depleting their working capital, allowing them to invest in other areas of their business, such as marketing, research and development or hiring new staff
Equipment finance can help businesses improve their financial position by spreading the cost of equipment purchases over time. This can reduce the impact of large upfront expenses on the balance sheet and improve the business’s overall financial health.
By acquiring the necessary equipment to meet increased demand, businesses can accelerate their growth. Equipment finance can help businesses seize opportunities and expand their operations without the burden of significant upfront costs.
Using equipment finance on business equipment purchases can offer tax advantages. Interest payments on finance agreements may be tax-deductible, reducing the overall tax burden on the business. A tax adviser can provide tailored advice in this area.
Regularly updating equipment is essential for maintaining productivity and efficiency. Equipment finance can help businesses stay competitive by allowing them to replace outdated equipment with the latest technology.
Applying for equipment finance is generally a straightforward process. Here’s a basic overview of the steps involved:
Determine the specific equipment you need and the estimated cost.
Research different lenders, such as banks, finance companies, or equipment leasing companies.
Prepare necessary documents, including financial statements, business plans and tax returns as required by the lender
Complete and submit the lender’s application form along with the required documentation.
The lender will assess your creditworthiness and the viability of your business.
Once approved, negotiate the terms of the finance agreement, including interest rates, repayment terms and any additional fees.
Sign the final finance agreement and receive the funds to purchase the equipment.
When you choose Professional Lending Solutions to assist with your equipment finance needs, we help you each and every step of the way from helping you understand your business equipment needs, matching you with a lender that ticks all the right boxes, documentation and application submission and negotiating with lenders on interest rates, loan terms and fees.
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.
Equipment finance is a financial arrangement that allows businesses to acquire equipment by making regular payments over a specified period. It’s a popular alternative to traditional loans, as it often requires less stringent collateral requirements.
The cost of equipment finance varies depending on factors such as the lender, the type of equipment, the loan term and the borrower’s creditworthiness. Interest rates and fees can differ significantly between lenders, so it’s important to shop around and compare offers.
The approval process for equipment finance can vary, but it typically takes a few business days to a few weeks. The speed of approval depends on the complexity of the application, the lender’s processing time and the required documentation.
Yes, many lenders offer equipment finance for both new and used equipment. However, the terms and conditions may vary and the approval process might be more stringent for used equipment.
Yes, it’s possible to refinance existing equipment finance to obtain better terms, such as lower interest rates or longer repayment terms. However, refinancing involves a new application process and credit assessment.
