Low, Med, Full Doc, Replacement, Balloon

Approval Process

There are different ways to get your finance approved. Together we can decide what is the best option for your business:

  • Low Doc
  • Medium Doc
  • Full Doc
  • Balloon
  • Replacement Finance

The Equipment Finance that we offer you is sourced from any of our wide range of lenders. We offer Low Doc, Medium Doc or Full Doc options. Other types in include Replacement and Balloon refinances.

Low Doc

Now available for all types of Equipment. From $100,000 to $250,000 no financials required. New or Used up to 12 yrs old. $150,000 for 4.5t  light commercial vehicles, all with ‘No Financial’. If you own property and have property equity, have traded under same ABN for 2 yrs and have clear credit record. You are approved.

We even have 1 yr ABN options for motor vehicles and light commercials under 3.5 GVM!

Medium Doc

We are also offering Medium Doc Finance for most equipment up to $500,000.

This means that with limited paper work your business can get approval for your equipment needs. The equipment will need to be no older than 12 years old at the end of a maximum 5 year finance term. You will qualify for this loan policy if you satisfy the following:

  • Home owner (current rates notice to be provided) AND
  • Existing ‘A’ rated commercial credit running for at least 12 months
  • Copy of last BAS statement
  • Copy of your current ATO Integrated Tax portal
  • Trading for min. 2 yrs in industry

Full Doc

Full doc finance enables you to borrow up to $5,000,000 for your equipment. This is a fully disclosed finance option and will always get you the best rate available. It requires you to provide us with all your current financial data and is required for the following reasons:

  • You require the best deal possible and you have figures to enable that
  • The equipment can be up to 20 yrs old at end of term depending what it is that you are financing
  • You will need to use this Full Doc option if the equipment is valued over $500,000
  • This option must be used if you have a tax debt or default to enable full disclosure

Replacement Policy

$500,000 – Equipment Finance Replacement Policy

This product allows you to replace a piece of equipment finance which you just paid out because you sold the equipment or simply finished the finance term.

This is a no financials product that will allow you to replace your equipment finance facility even up to 6 months from the end of your last equipment loan.

You will qualify for this Equipment finance policy if you satisfy the following:

•    Good Credit History
•    New repayments are not more than 30% greater than old repayments
•    Age of Equipment – New to 7 yrs old
•    Goods do not always need be like for like industry related
•    Trading for min. 2 yrs in industry

Call Now to discuss – 02 9453 0300

 

 

 

 

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