Equipment Finance
Finance options for the purchase of vehicles or equipment for your business
Why choose Equipment Finance?
Our Equipment Finance options help you purchase or upgrade vehicles and equipment without drawing on your working capital. We offer both Finance Leases and Chattel Mortgages, each with potential tax saving benefits and flexible payment options to match your cash flow.
Choose between a Finance Lease and a Chattel Mortgage:
Key features
- Maximise your business cash flow by freeing up your working capital
- Flexible terms – choose from 1 to 5 years
- Flexible repayment options to suit your cash flow – choose from monthly, half-yearly, yearly, seasonally, either in advance or arrears
- Tax effective solutions – you may be able to claim interest, rental payments, and depreciation
- Purchase new or used equipment within age parameters
Fees
Other fees and government charges associated with each Lease and Chattel Mortgage will vary depending on the state you are in, the vendor of the goods being purchased, the amount of finance involved, and any Federal government charges.
Please contact your Equipment Finance Specialist on 13 11 55 for more information.
Make sure you are eligible
To be eligible for Equipment Finance you must have been in business for at least 2 years and be able to provide 2 consecutive years of financial statements and tax returns.
Vehicles or equipment must be used for business purposes at least 50% of the time.
Preparing your application
Before you complete the application form, please take a moment to review the required documentation listed below:
- Financial Statements for the business for 2 years, including the Balance Sheet and Profit & Loss Statements.
- Interim Financial Statements if accountant prepared Financial Statements are over 12 months old.
- Full personal tax returns for each Business Principal for the last financial year.
- Payslips (if employment income will be used to service the finance).
- Tax Invoice for the vehicle or equipment being purchased
- Copy of all business related bank account statements for the last 12 months (if not with Suncorp Bank).
Equipment Finance products are offered by Suncorp Bank Metway Advances Corporation Pty Ltd ABN 89 100 845 127. The above information is for approved applicants only and subject to terms and conditions. For a copy of the terms and conditions please call 13 11 55.
This is not business, financial, legal or taxation (including GST) advice. Get independent advice on how the Asset Purchase might impact your business, financial, legal or taxation position.
Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. Fees, charges, terms and conditions apply and are available on request.