Choose repayment terms ranging from 12 to 84 months to match your business needs.
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Choose repayment terms ranging from 12 to 84 months to match your business needs.
Reduce monthly repayments by opting for a balloon payment at the end of the loan term.
Enjoy stability with a fixed-rate loan, ensuring predictable repayments throughout the term.
Claim tax deductions for business use and recover GST as an input credit on your BAS.
Understanding your repayment commitments can improve your chances of loan approval. Use our calculator to fine-tune your commercial equipment loan request today.
Readily access funds with a working capital facility designed to support your cash flow and business growth.
Your funding is typically based on a percentage of your future receivables, giving you access to the capital you need.
Draw down funds as required against invoices with a time-efficient approval process to keep your business moving.
At Everrich Finance, we specialise in securing the suitable commercial equipment financing solutions to support your business growth. With flexible terms, competitive rates, and professional guidance, we make equipment purchases more accessible, helping you optimise cash flow and maximise tax benefits.
A commercial chattel mortgage is a type of loan where the borrower takes ownership of a vehicle or equipment at the time of purchase, while the lender registers a mortgage over it as security. This means the borrower has full usage rights, but the lender retains an interest in the asset until the loan is repaid in full. It is commonly used for business-related equipment purchases and offers flexible terms.
A chattel mortgage can be used to finance a wide range of commercial equipment, including trucks, heavy machinery (yellow goods), farming tools, medical equipment, and IT hardware. It is a suitable financing option for businesses that need to acquire essential assets while preserving working capital. The loan structure allows businesses to spread the cost of these assets over time, making large purchases more manageable.
Cashflow finance provides businesses with access to funds by leveraging outstanding invoices or future cash flows as security. This type of funding is particularly useful for companies with long invoice payment cycles, as it enables them to unlock capital tied up in receivables. By improving cash flow, businesses can continue operations smoothly, invest in growth, and cover expenses without waiting for customers to pay their invoices.
With an equipment lease, the financier purchases the required equipment on behalf of the borrower, who then makes fixed lease payments over an agreed term. Throughout the lease, the financier retains ownership of the equipment, but the borrower has full use of it for business purposes. At the end of the lease term, the borrower can choose to pay a residual amount to take ownership, sell the equipment, or refinance the residual and continue leasing.
Leasing provides businesses with flexible terms, fixed interest rates, and the ability to use essential equipment without the financial burden of upfront costs. Because the leased asset remains the property of the financier, it does not appear as a liability on the borrower’s balance sheet, which can be advantageous for financial reporting. Additionally, lease payments may be tax-deductible, and since the GST on the purchase price is claimed back by the financier, the borrower benefits from lower monthly repayments.
Yes, if you are registered for GST, you may be able to claim the GST component of the equipment's purchase price as an input tax credit on your next Business Activity Statement (BAS). This can help reduce the overall cost of acquiring business assets and improve cash flow. However, the ability to claim GST depends on the structure of the finance agreement and the borrower's tax situation, so it is recommended to seek professional tax advice.
Under Murray Kha’s lead, Everrich Finance has managed many financial transactions for my family. Murray is the best service professional I’ve met in many years. I know Murray from the…
James has been our finance broker for many years - financing our rapidly growing consulting business, our rural farming land and our residential mortgages. He will bend over backwards for…
James is a great guy and helped me out over two home loans. He has broad understanding of the business and reduces any wasteful work, saved heaps of my time…
Unsure if you qualify? Let us assess your situation and explore the financing options available to you for financing your commercial equipment in your business.
