The Federal Government has announced a number of measures to help stimulate the Australian economy and encourage business investment. The major implications for financing asset’s and equipment for small businesses are such: Accelerated Depreciation for Small Businesses source: Budget Paper No 2, p 19 The threshold below which small businesses can claim an immediate deduction for the cost of an…
Examples of unsecured business loans for self employed 100k Unsecured Quick Small Business Loans Unsecured Business Loan QLD Business Type Amount Requested Term Purpose for funds Solution Offered Traditional Funding Challenges Software Developer / IT $100,000 9 months Customer required funds for work in progress projects – the funds were required to expand workforce for the growing project scope requirements…
Commercial & Business Vehicle Finance Deals are available for new and used cars for your business: Low doc deal – no financials required • Established in business minimum of 2 years. • Low Doc Maximum amount $100,000 • Applicant / Director / Partner must have reasonable equity in property. Evidence to be provided. Non property owners require 20% deposit •…
You can get a free credit score check to avoid any nasty surprises if you are considering vehicle finance or a mortgage. It takes about 60 seconds and won’t negatively impact your credit score. GetCreditScore.com.au is a new website that was launched by Veda and peer-to-peer lending platform SocietyOne. The new website allows Aussies to access their VedaScore by entering…
Low Doc Commercial Asset Equipment and Vehicle Loans – No Financials Required Do you meet the following criteria? Minimum 24 months ABN & GST registration? Purchasing from an authorised supplier (LMCT), dealer, car broker or auction house (Laudiston, Pickles Auctions, etc.)? Asset is a maximum 4 years old? Vehicle/Equipment is less than 4.5 tonne? Cost is a maximum of $100,000?…
Chattel mortgage provides finance for companies, trusts and businesses to purchase goods that are used within the business; such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment. The asset must be for business use more than 50% of the time. Tax Implications of Chattel Mortgage This product is a means of minimising capital expenditure for your business, allowing…
