Asset finance helps business owners who want to grow. It covers vehicles, plant and machinery, trucks, trailers and equipment.
Who we help
Construction and trades, truck and transport, agriculture, civil construction, machinery, motor vehicles, fleets, manufacturing and forestry. Other options are available.
How an application works
Documents. Similar to a mortgage application: proof of income, bank statements, invoices, asset details, an application form and any relevant contracts.
Risk assessment. We look at your borrowing capacity, equity and risk to match you with a suitable lender.
The five Cs. Lenders weigh character, capacity, collateral, capital and conditions case by case, and strength in one area can offset weakness in another.
Conditions. Approval may depend on a valuation, signed contracts, paying out other loans or settlement quotes, all done before the loan is drawn down.
Why asset finance rather than a mortgage top-up
A top-up may have a lower rate, but asset finance has other advantages:
Business interest can be claimed as a deduction.
If something goes wrong, the lender's recourse is generally limited to the asset you bought, rather than your family home.
Criteria are easier and turnaround is faster than at the banks.
Your home equity stays free for future property purchases.
Need to finance equipment?
Call 021 217 8208 with no commitment, or send an enquiry.
General information only. Lending is subject to each lender's criteria and approval. Please check tax treatment with your accountant.
