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Nicole Nation

Equipment & Business Loan Experts | Mortgage Choice St Marys

No matter whether you’re just starting out in self-employment, or you have an established business enjoying strong growth, chances are at some stage you’re going to need new equipment.

Mortgage Choice St Marys can help you work out the best finance options to fund this equipment - from espresso machines for cafés to the latest tools for tradies. With equipment finance, it's important to know that there are various types of finance available, including hire purchase, finance leases and equipment loans.

  • Hire purchase
    Hire purchase will suit a business that wants to eventually own the assets outright, although the finance provider owns the equipment until the contract is paid out. A deposit is usually not required.

  • Equipment finance lease
    An equipment finance lease is similar to a hire purchase arrangement, but rather than making payments with the goal of owning the equipment, the business negotiates a new arrangement at the end of the lease contract, and either continues leasing the existing item or opts to lease a new item. This enables a business to have access to the latest equipment without constantly spending capital.

  • Equipment loan
    Another option is an equipment loan (sometimes known as a chattel mortgage), which is a fixed interest loan secured by a mortgage over the asset. This arrangement has some tax advantages, in that GST is not paid on loan repayments.

How to equip your business for growth

If you're looking for new business equipment then speak with Nicole Nation to discuss your financing options. 

Mortgage Choice St Marys offer a full range of financial services including:

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