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Asset Finance
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How Asset Finance Works
Businesses benefit from having legroom for expenses. Asset finance is all about providing a line of credit or an accessible business loan when needed. This solution helps your business acquire the equipment and assets to make daily operations efficient without having to shoulder an enormous upfront cost.
Asset financing covers a wide range of assets, from vehicles and machinery to specialized equipment and technology. When entrepreneurs experience budget constraints, loans can inject much-needed capital for operations, debt repayments, or funding growth.
When you’re seeking asset finance, Intellichoice is here to empower your business. Our loan specialists source flexible and accessible loan products that help businesses of all sizes grow and thrive. We know which lenders provide attractive packages, and our broking service ensures your equipment upgrades, inventory purchases, and unexpected expenses are covered by asset financing.
Think asset finance fits your business?
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What Assets Can Be Financed?
Among the most common questions entrepreneurs ask is, “What type of asset can I finance?” and the answer – almost anything. Asset finance runs the gamut – from vendor equipment, business or office equipment and furnishings, specialized rental and operating finance for industrial sectors, and eco-friendly energy efficient equipment for green industries.
- Vendor Finance – business-to-business (B2B) suppliers engage in vendor financing, where materials, services, and supplies are deferred to the borrower, who in turn, uses the capital to buy from the vendor.
- Managed Services – IT assets require costly upkeep. Asset financing can consolidate installation, maintenance, and upgrade of software and hardware to be a monthly expense instead of a one-time capital expenditure.
- Rentals – rental fixed agreements keep rapidly depreciating equipment upgradeable while you preserve your healthy cash flow.
- Energy Finance – financing for green energy assets, including solar, wind, battery storage, and waste energy efficient assets enables companies to shift to sustainable solutions.
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Maximize Your Capital
About 80% of Australian businesses prefer renting or leasing their equipment. Since Intellichoice has over 20 different lending institutions in our network, we cater to your asset financing needs.
Asset financing can be beneficial when:
Working with our lending brokerage service is priceless because you can stay focused on your core business while gaining capital to advance your equipment, tech, and evolve your business model.
Learn more about Asset Finance
- Your company needs can pledge your accounts receivable or other owned assets for the loan
- There are enough owned assets in your business to serve as collateral and make up a working cash flow shortfall
- The business prefers a more straightforward loan than traditional financing
- You’re not purchasing new assets, but rather need additional funds for short-term needs (e.g., staff wages, raw materials costs)
- You’re ready to invest in the latest office technology
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Business Loans from the Best Lenders
Entrepreneurs can make asset finance as frictionless as possible by working with our finance specialists. We have an extensive lending network and connections that can make your loan processing as painless as possible, with the best interest rates in the market.
Lenders may provide different features, but here are among the key perks you can look forward to:
- Equipment payments arranged on a per month basis, as the benefits accrue
- Flexible terms that can range from 12 to 72 months
- Unsecured funding option, which allows you to borrow without real estate security
- Flexible financing for clients at whatever credit standing they are
- 100% tax deductible
At its core, asset finance focuses on empowering your business. While it was considered a last-resort type of loan, startups, and small businesses are now much more comfortable with this accessible financing option. Our loan specialists can help you make the best decision to gain the resources needed for your business growth. With us, you can get the most advantageous deals in the market with reasonable interest rates.
Want to consult with our team about asset finance?
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Asset Finance: Secured and Unsecured Loans
There are two primary types of loans for companies seeking asset finance. The first is a secured loan, which requires the borrower to pledge an asset as collateral against the debt. Lenders evaluate the asset’s value more so than the overall creditworthiness of the business when making lending decisions. If the loan is not repaid, the lender has the right to seize the asset pledged.
The second type is unsecured loans. These do not require specific collateral but may give the lender a general claim on the company’s assets if the loan is not repaid. Secured loans will come with lower interest rates, while unsecured are riskier for creditors and therefore command higher rates. If you have certain valuable assets and are confident about your repayment plan, you can leverage your collateral to get a much lower interest rate.
Choosing which asset finance to apply for will depend on your business needs. Our team of broking agents will submit your loan application to more than one lender, so you ultimately have the freedom to weigh your best options.
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WE ARE TRUSTWORTHY
Why Choose Intellichoice
Intellichoice has extensive business loan experience – we secure asset financing through networking and connections in the loan industry. With over two decades of brokering asset financing, we’ll be here to provide professional guidance and support throughout your loan process. Our finance brokers have a proven track record of helping clients secure approval every time. Trust us for financial solutions that keep your business thriving.