FINANCE OPTIONS

Here some options that we can arrange to help you improve your business by adding new equipment and extra income.

We can now finance your deposit if needed.

Here’s how:

If you have a deposit then great. You can simply pay this and we can fund the full amount on delivery. 

No Deposit: We can facilitate a finance agreement for your deposit.

The deposit finance will act like bridging finance for the equipment. The deposit amount will be paid so you can order your new equipment.

The finance will be in your name and will be paid out once the equipment finance is drawn down.

There are a number of providers we use depending on the amount of the funding and the clients background.

Deposit / Trade finance under $50k

    • Advance Fee/transaction Fee: 1.1% of drawdown
    • Interest: 0.55% per week
    • Repayments: Weekly over 6 months (no minimum term)
    • Example: For a $10,000 draw:
      • Advance Fee: $100 (once-off)
      • Weekly Interest: $55

Qualifying Criteria

  • At least 12 months GST registration and trading
  • Turnover of at least $75,000 (annually)
  • Clean credit file
  • Fast approval 24-48 hours

Larger Trade Finance $50k and over

  • ABN & GST 1 year plus
  • Up to $500k approved in 7 days
  • Rate from 7.5%

Short Term Finance

A simple short-term funding unsecured for 60 – 90 days.

Lease

We will set you up a quote with a link for an instant quote. Just email us and ask for the link to enable access.

Once you except the quote, just email it back and we can get it approved.

Qualifying criteria

Beauty therapist

  • Min 3 years lending ABN up $15,000
  • Min 5 years plus ABN lending up to $75,000
  • Property backed

Medical / Doctor

  • Min 2 years in business
  • Property backed
  • Up to $150k
  • Credit score above 500

We also have access to Medfin finance for medical specialist clients.

Chattel mortgage

We have a number of options in this space depending on the strength of the client.

General rules

  • 2 years ABN and GST registered
  • 20% deposit if not asset backed
  • Up to $55,000 or $75k with 5 years ABN

Kick start business lending for new business.

  • Lending up to $50,000
  • Business 6 – 24 months trading ABN & GST
  • Must have some current credit
  • Asset backed and non asset backed

Finance is available for customers to purchase equipment plus pay for training or course fees. You can choose any of our lenders or your own personal finance may be an option. We have many options so please read carefully to see which one will suit your needs.

  • Equipment leasing can free up a business’ cash flow and provide an easy path to expanding and upgrading equipment. It also reduces risks of ownership for businesses and end-of-term asset disposal risks.
  • By structuring repayments, you can take advantage of potential tax benefits for your business.
  • Equipment leasing is a specialist legal area.

Benefits of Businesses Leasing Equipment

Businesses lease equipment to reduce company debt, manage the costs of equipment maintenance and ensure efficient use of capital. In turn, this allows businesses to invest in core business operations. Monthly payments can be lower compared to a traditional loan used to buy equipment and assets, which results in a lower impact on a business’ cash-flow.

Budgeting

Lease payments can provide more certainty as they are fixed and predictable. Fixed repayments allow for better budgeting and avoidance of rate fluctuations over the term of the lease.

Tax Benefits

Businesses also prefer equipment leasing as lease payments may be tax deductible. Provided the asset is used to generate assessable income for the business, lease payments may be partly or fully tax deductible.

Technology

The requirement to upgrade equipment can often be a financial burden for business. With equipment leasing, businesses can avoid technological obsolescence.

Types of Equipment Leasing

Equipment leasing is treated as a loan, whereby the lender buys and owns the equipment and then leases it to a business at a flat monthly rate for some specified months. At the end of the lease period, the business may choose to purchase the equipment at its fair market value, continue leasing or return the leased equipment.

Equipment leasing will depend on the leasing and finance company or financial institution your business contracts with.

Operating Lease

Also known as rental finance or off-balance sheet borrowing, this is the most common finance method for business equipment. This method will eliminate cash restraints that exist when making that vital purchasing decision, by not having to pay the total amount of the goods up front. The term of finance agreement can be from 1 – 5 years and must be following ATO Guidelines. Deposits are not required. The full purchase price must be financed.

Hire Purchase

A commercial hire purchase arrangement is a legal obligation between the finance provider and the hirer where the amount repayable is calculated on a fixed term. The hirer has ownership of the goods at the beginning of the term. The term of finance agreement can be from 1 – 5 years. Notably, the amount financed is inclusive of GST. However, monthly repayments are not subject to GST.

Frequently Asked Questions about Equipment Leasing

Q: What are the common types of equipment leasing?
A: Equipment leasing can include computer and office equipment, PABX and telephone equipment, security equipment, office fit-out equipment, industrial and medical equipment.

Q: What is the fair market value?
A: Fair market value is the estimated amount for which an asset should exchange between a willing buyer and a willing seller in an arm’s length transaction after a reasonable time and proper marketing.

Q: What is the difference between an Operating Lease and a Finance Lease?
A: An Operating Lease allows you to pay just for the use of the equipment. A Finance Lease allows you to pay a pre-determined residual amount at the end of the lease term, so you own the equipment outright. Finance Lease is owned by the finance company until the residual payment is made; and then ownership is transferred.

Q: What is a Novated Lease Agreement?
A: A novated lease is a form of salary packaging, where your employer provides you with a benefit other than a cash salary or wages.

RENTALS

Finance 100% of your New Equipment

NO DEPOSIT REQUIRED

TPC Finance make financing, as simple, clear and easy as possible from  minimal information documents, to their clear and concise agreements and their market leading repayment options.

WHY FINANCE YOUR NEW SOLUTION?

Improved Cash Flow

With Rental Terms between 2 and 5 years, a finance package can be structured with repayments to meet your cashflow needs, meaning no need to compromise on the solution you want! Your cash flow remains protected, predictable, and manageable while your business thrives with its new technology.

Reduced Tax

Rental Equipment is an operating expenditure, can be 100% TAX DEDUCTIBLE if your business is eligible allowing you to save your capital. This is for repayments on equipment used wholly for commercial business purposes.

Or

If your business is eligible for the $20k Govt Instant Asset Write Off incentive, you can utilise a chattel mortgage to purchase your new equipment, whilst spreading your repayments over term, and being able to claim the Govt incentive.

Easy, Fast Approvals

With a simple digital finance process and no need to provide financials for transactions under $250,000 ex GST, a standard application can be approved within 24-48 hours, allowing you to begin enjoying the benefits of your new equipment sooner.

Flexible, Tailored Solutions

Need additional equipment or would like to upgrade your equipment during the term of your rental, we can simply add it to your current agreement, without the need for a new finance contract, meaning you can upgrade to the newest technology as soon as it is available, without the capital outlay.

ZIP MONEY

Flexible interest free payments for loans up to $10,000 are available for devices, machines and training. Ask us for an application form to apply

DERMAL SOLTUTIONS AUSTRALIA – info@dermalsolutions.com.au