Are you looking for an equipment loan in Perth? Do you want competitively priced loan for buying office equipment? If yes, then GCC Business Finance is here to help you.
We offer equipment finance solutions that will help you buy products that fit your business needs efficiently. At our end, we have finance specialists that bring you accurate equipment financing solutions after comprehending your specific needs and requirements.
Depending upon your requirement and credit history, we can provide you equipment finance in Perth through following arrangements:
Operating Lease/ Rental
It is a rental of an asset from a lessor that is not recorded in the balance sheet of the borrower. This type of arrangement is also called as off-balance sheet financing. The ownership of an asset rests with the lessor.
It is an agreement that covers most of the working life of a piece of equipment. This arrangement is based on the lessee guaranteeing the residual value of the asset at the end of its lease term. The ownership of the asset rest with the lessee and its value is shown in his balance sheet without including depreciation value.
Commercial Hire Purchase
With this business arrangement, the borrower holds right to purchase the asset, while ownership of the same remains with the lender. The borrower can purchase the asset with a balloon payment at the end of the finance term. In addition to, asset is recorded in the lender’s balance sheet excluding depreciation value.
This arrangement covers an employee who leases an article of equipment, then sub-leases the same to his employer who pays the lease rentals. This option is not applicable for motor vehicles.
A Chattel Mortgage shares features with a hire purchase, but it provides specific GST benefits that make it different. Sometimes, in certain circumstances the entire GST proportion can be claimed in the first BAS period after purchase. It can be customised as per the requirement.
Revolving Credit Facility
It offers a no-obligation revolving credit line that a borrower can renegotiate at any time. Primarily, the revolving credit facility is meant to meet specific demands of the customers over a time-frame of 6-12 months. Further, it does not demand for a cluster of documents to be submitted.
With these arrangements, an applicant can purchase different assets, including office equipment, industrial machinery, commercial motor vehicles and medical equipment.
So, if you want to apply for equipment finance in Perth, give us your financial details to get to know the most suitable solution for you.