Equipment & Commercial Finance for the Newcastle, NSW Areas
We’ll get you the most suitable finance package for your needs
Getting the right finance for your business or the right equipment to run your business can sometimes mean more running around than choosing it in the first place. At Hunter Business Finance our goal is to minimise the time you would spend jumping through hoops and make it easier to get the best financing options for your business. We provide individuals and businesses in the Newcastle, NSW areas with competitive business financing, home loans, equipment finance and more.
Did you know that each lender weighs their approval criteria differently and some will lend on equipment that others won’t?
Some of the things considered by lenders when you apply for finance are:
- Your length of time in business
- Your credit rating
- Whether your financials are up to date
- The age and type of equipment being purchased
- Is the supplier a dealer or private vendor
- The loan amount
- Is there a deposit
- The loan term
- Iand more…
Don’t take the risk of applying for business finance to the wrong lender and having your application knocked back. Each application for finance goes on your credit record.
Use our experience to ensure you apply to the right lenders and get the best chance of approval on your finance. Our service is risk free and it costs nothing to talk to us.
The best finance deal doesn’t just mean the lowest interest rate, you need to consider the overall package including:
- Whether you really want your home tied to your business equipment finance
- Are you using multiple lenders to help improve your prospects for getting finance in the future?
- Is it a stand alone contract or is the lender tying this finance to your other business assets?
- Do I need a residual or would I even qualify for a residual?
- Are there any penalties for paying out the loan early?
We will not only get you a competitive finance package, we will make sure it fits with your business needs, now and into the future.
Having the right business equipment is essential to keep you competitive; having the right finance for that equipment is just as important.
Hunter Business Finance are the experts at getting you the right finance from the right lender so you can get back to doing what you do best, confident that you are paying no more than you need to for your business purchase.
Remember, not all businesses are the same; and not all lenders are the same. Don’t risk missing out on that finance because someone has tried to put a square peg in a round hole. Let the experts at Hunter Business Finance give you the right package to make your next business purchase.
Motor Vehicle Finance
There are many ways you can finance a motor vehicle. The right way depends on your particular circumstances and the type of vehicle you are buying.
Some of the things you must consider before you buy and finance a motor vehicle are:
- Is it new or used?
- Is it coming from a private sale, a dealer, or auction?
- Has the vehicle previously been written-off?
- Is there money owing on the vehicle?
- What type of contract should you use? (eg lease, hire purchase, chattel mortgage, or consumer loan)
- What is being used as security for the loan?
- Are the borrowings being drawn from your home loan?
- Is the interest rate quoted, the real interest rate? You need to be careful when offered what sounds like a really low interest rate.
Hunter Business Finance has the experience to cut through all of these issues and ensure you get the most appropriate motor vehicle finance deal.
Plant & Equipment Finance
When purchasing any plant & equipment, there are a number of different ways the finance can be obtained. The right way depends on your business structure, the type of equipment you are buying, and how you intend on using the equipment.
Some of the things you must consider before you buy and finance any equipment are:
- Is it new or used?
- Is it coming from a private sale, a dealer, or auction?
- How many hours are on the equipment?
- Is there money owing on the equipment?
- What type of contract should you use? (eg hire purchase, chattel mortgage, rental, or business loan)
- What is being used as security for the loan?
- Are the borrowings being drawn from your home loan?
- Is a deposit required?
- Will the equipment generate additional income?
- Is the interest rate quoted, the real interest rate or has the lender included any lump sum payments (eg GST back in) to lower the repayments?
Hunter Business Finance has the experience to cut through all of these issues and ensure you get the most appropriate equipment finance deal.
Finance for Starting, Expanding or Buying a Business
It can be very difficult to obtain finance when you are starting or expanding a business. Hunter Business Finance will look at your situation and advise you on how to proceed with your application.
It is particularly important to speak with us before you leave your current employment if you are intending on starting a new business. The last thing you want is to leave your job to start a new business, then be unable to obtain the finance for the things you need to operate the business. We can help you get your finance in place first to ensure the smoothest possible transition from one employment to the next.
It is just as important to speak with us if you are intending on purchasing an existing business. There are numerous ways the finance can be structured, and it is not always best to just simply draw all the funds from your home loan. Let us run through your options so you can ensure you are getting the right loan at a competitive price.