Low Doc Asset Finance

You can finance work vehicles, machinery, tools, technology, commercial equipment - essentially any business asset that generates income or improves productivity. If it makes you money or saves you money, we can probably structure finance for it.

This includes everything from trades vehicles and tools through to sophisticated machinery and technology systems.

Often as little as 10-20% deposit, sometimes even less for quality assets with strong resale values and established markets. The asset itself provides most of the security, so deposit requirements are usually lower than property lending. High-quality, newer assets from reputable manufacturers often require minimal deposits.

Yes, finance payments are typically 100% tax deductible for business use, spreading the tax benefit over the loan term. Depending on the asset value and structure, you might also claim immediate depreciation benefits under various government schemes.

Many business owners find the tax treatment more beneficial than outright purchase, especially for rapidly depreciating assets.

Chattel mortgages mean you own the asset from day one and can claim depreciation benefits immediately. Lease options provide more flexibility and may offer different tax treatments depending on your specific situation. Your accountant can help determine which structure works best for your business and tax position.

Quality applications often get approved within 24-48 hours because the purpose is clear and the security is tangible. Asset finance moves quickly because there’s no property valuation delays or complex income assessment. Once approved, funding can usually be arranged immediately so you can secure the equipment you need.

Both new and quality used assets can be financed, depending on the asset type and remaining useful life. Age limits vary by asset category, but we’re generally flexible if the equipment has substantial remaining productive life. Used assets often make excellent business sense, especially for businesses wanting to minimise capital outlay.

With chattel mortgages, you own the asset outright once the loan is repaid - it’s yours to keep using or sell. With lease options, you may have choices to purchase the asset at market value, upgrade to newer equipment, or return it depending on the original agreement structure. Many businesses use the flexibility to regularly upgrade their equipment.

Yes, comprehensive insurance is typically required to protect both your business investment and the lender’s security interest. This is just good business practice anyway since losing uninsured equipment could seriously impact your business operations. Insurance requirements are usually straightforward and the cost is tax deductible as a business expense.