Equipment finance can provide great advantages to a business including being a simple and efficient finance for new equipment, fast approval processes, finance in line with the true asset life, and good comparisons for budget purposes - costs per month structuring.
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Ozwide is a privately-owned small business based in Bathurst and North Sydney with over 28 years experience in finance.
They finance an array of equipment for ABN holders, including:
- Cars and utes;
- Construction equipment and specialised assets;
- Engineering equipment;
- Farm machinery;
- Forklifts and cranes;
- Grain harvesting equipment and storage;
- Irrigation equipment;
- Livestock handling gear;
- Sheds, tanks and troughs.
Equipment finance for new assets is easy and competitive, but Ozwide Asset Management can also look at used equipment through suppliers and private sales.
For businesses that have large plant and equipment requirements, using a broker to assist in arranging finance can diversify the borrowing to numerous funders who will not require General Security Agreements or hold related mortgages on the family home.
Some specialised equipment might be a core asset to a business, and may have a long income producing life.
Understanding the equipment, its purpose and the client are vital.
