At Ledge, we supply both long and short-term business loans to Perth & WA businesses.
Over the years, our business has grown to now cover all your finance requirements, including business loans for Australian clients spanning a number of different industries.
To enable us to assist with the debt or finance requirement, first of all we take the time to gain a deeper understanding of our client and why it is they want to apply for a business loan.
For us, it’s important to invest time in improving our knowledge of the business itself, its’ current position and the future strategy – so we are well-equipped to deliver a solution which is best suited to the client’s unique set of requirements.
We do this by performing a detailed analysis of the business, looking at the internal systems and processes. We then provide a commercial finance solution that fits the business’s growth strategy needs and requirements.
As specialist business loan brokers, our core focus is to secure the best business loans for our clients
Our strong relationships with various lenders give us the capability to offer a broad range of flexible product options at highly competitive interest rates.
While we have traditionally forged a reputation as one of Australia’s most trusted small business loan companies, we are also fast becoming a prominent player in the corporate space.
We provide solutions in varying market spaces from one-man start-ups, to high-net-worth or long-standing businesses, through to publicly listed, high-end, corporate clients.
We have partnered with many of our clients throughout their entire business journey, from start-up right through to becoming a successful business, some even listing on the ASX and on from there.
Whether you are seeking a loan to buy a business, or would like an unsecured business loan to increase your current shareholding or to expand your company, the professional team at Ledge Finance can help.
Contact us today to see how we can assist your business growth through varying types of lending solutions to suit your business requirements.
Insurance premium funding enables you to pay your annual insurance premiums with a flexible repayment plan and allows you to keep working capital in your business.
Insurance premium financing allows you to make simple and affordable monthly repayments on terms which can range from 6 to 12 months over the life of the premium.
Staging the repayments provides you with cash flow, along with a positive mindset as you know you have the right level of cover to protect your business against risk.
Insurance premium funding is a simple and cost-effective method that can be used for any commercial or domestic insurance, including: workers compensation, theft and burglary, property insurance, professional liability, and so on.
Ledge Finance are specialist brokers who work on your behalf to secure insurance premium funding interest rates tailored to your needs.
Operating since 1979, we have built strong relationships with a wide variety of lenders, from niche Australian lenders, to large international banks. These relationships afford us access to lower rates and more flexible options for our clients.
At Ledge, we appreciate that no two businesses are the same. Our friendly team of finance specialists will take the time to gain a solid understanding of your business’s unique set of circumstances, before talking you through the options available to you. Every solution we deliver is custom-designed for each client.
Operating for over 40 years, customer service remains at the forefront of all we do. Our dedication to service means we will go that extra mile to ensure our clients’ expectations are met, if not exceeded.
With our exceptional service delivery and superior product offering, we have forged a reputation as one of WA’s leading insurance premium finance companies. So, if you’re looking to free up your cash flow and have premium business insurance, or you simply want to know more contact our expert team today.
We spoke to Chris Harrigan, CFO at ICON Engineering and here is what he had to say about Insurance Premium Funding.
As equipment finance lenders, we can assist by providing flexible finance solutions for everything from vehicles and machinery to emerging renewable energy equipment. We can also structure the payment terms to best suit your cash flow.
Our team of specialist equipment finance brokers in Perth are skilled in all areas of financing. Their job is to represent you, the client, as opposed to the banks, which means we really do seek the very best solution for your business.
So, if you’re seeking an equipment leasing finance company, look no further! We provide reliable business equipment financing solutions to clients across the whole of Australia. Get in touch today and we will be more than happy to assist you!
Equipment Finance FAQs
When buying equipment there are many options available to you when it comes to financing your purchase, however, these options are not always as straightforward as you think.
Here are some questions that our team of Finance Executives are regularly asked:
1. Can Ledge finance equipment that is 2nd hand?
Yes, most 2nd hand equipment is able to be financed, however, the age and class of the equipment may impact the term and structure of the loan and, in some very rare cases, preclude funding.
2. Can Ledge finance equipment from a private supplier? If so, are there special precautions that need to be taken?
Yes, private sale equipment can be financed and it’s vitally important that various aspects are covered to ensure that you are protected.
For instance, we liaise directly with the party selling the equipment, seeking proof of ownership in order to satisfy ‘title flow’.
We also check for any existing finance against the equipment – making sure this is paid out at settlement. Additionally, a PPSR check is conducted to ensure that any encumbrances that may exist are removed.
3. Can Ledge “structure” equipment finance repayments to better suit my cash flow?
Yes, payment terms are usually monthly in arrears, however they can be restructured to better suit your cash flow. For example, businesses in agriculture and other seasonal based industries, are paid annually, so their repayment period can be structured to suit.
In most cases, we can finance the GST inclusive price and you can pay the GST as a lump sum when you receive the benefit via your monthly or quarterly BAS.
4. What if the equipment I want to purchase is being constructed in Australia, and the supplier requires “progress payments”?
Construction funding is possible in certain circumstances and allows for “progress payments” during the construction phase (similar to a new home build), which can then be converted to an equipment loan once the construction of the equipment is complete. This preserves your cash flow, which is vital, given that the equipment isn’t income producing until delivered.
5. Can Ledge finance 100% of the equipment cost – or do I have to pay a deposit?
Yes, we are able to fund up to 100% of the cost or the total cost of the equipment – it’s entirely up to you and your situation.
6. What are the contract terms for Ledge Equipment Finance?
The contract terms are flexible and generally range from 2-5 years with a balloon / residual payment if required. In rare cases, loans can be extended to 7 years and sometimes up to a maximum of 10 years, dependent upon the type and class of asset.
7. What security is required?
Security for equipment is generally standalone against the equipment itself as well as directors guarantees. No other collateral security or GSA is required.
8. How long does the equipment finance process take?
Once we have received everything required, the pre-qualification process of most transactions is completed within 1- 2 business days. On approval, we will then issue the final documentation inhouse and when the equipment is ready for delivery and we have signed documents to hand and all settlement conditions have been met, we can settle with the supplier.
9. Why should I use Ledge for equipment finance rather than going straight to my bank?
At Ledge, we pride ourselves on building strong relationships with our clients to better understand their business. Because of the large volume of business we transact, we have developed strong relationships with most banks and financiers, which gives us access to competitive pricing and T&C’s that clients may not be able to access directly. We know which lenders to approach for particular transactions and we have the knowledge and experience in putting proposals to lenders in a format that is easier for them to assess.
10. How will my company benefit from Ledge’s equipment finance?
Quite simply, financing your plant and equipment conserves your cash for use elsewhere in your business or as an additional working capital buffer.
Traditionally, the provision of a company car has been restricted to employees who need to be mobile for business reasons. In many cases, private use of the vehicle is restricted and often the employee has little choice as to the make, model, or colour of the car provided.
The use of novated leasing can overcome these problems and provides additional benefits to both the employee and the employer.
For more information contact us and we will be happy to assist with your next novated vehicle lease.
At Ledge we source appropriate finance leasing for businesses who wish to buy equipment for the major part of its useful life.
How finance leasing works:
1. A leasing company (lessor or owner) buys the asset for the user (lessee or hirer) and leases it to them for an agreed period.
2. At the end of the leased term the lessee can choose to purchase the equipment for an agreed amount, continue leasing the asset, or assist in selling it to a third party.
Import facilities allow you to finance and pay for goods that are imported from your overseas supplier. These facilities are set up in the currency you deal in, saving you time and stress as you don’t have to convert into Australian dollars and there is no need to gamble on the exchange rates.
Avoid the delays and complications associated with trading overseas and contact your Ledge Finance Executive today or contact us here.
Rental / Operating Lease
A Rental/Operating lease differs from a finance lease as you pay to use the equipment over a fixed period but you don’t necessarily own it at the end of the term.
When it comes to the end of the leasing term you have the option to:
Return the goods to the lender and either upgrade to new or walk away
Extend the period of the contract with reduced payments, or;
At Ledge, we offer Hire Purchase finance which allows you to hire equipment / assets and you pay a fixed monthly repayment over a set period of time. Once the payment period is over and any final (residual value) balance paid off, you have complete ownership of the asset.
Get in touch to find out more about Ledge’s Hire Purchase service and how it can assist your business growth.
A Chattel Mortgage is a commercial finance product which provides funds for businesses to purchase an asset. The business has ownership of the car or equipment and the asset is used as the security for the loan.
Unlike a Hire Purchase or a Rental / Operating Lease, a Chattel Mortgage gives businesses ownership of the asset straight away, allowing them to pay off the loan using the income generated from the asset.
Want to know more about Chattel Mortgages? Get in touch and we will be happy to assist with all your questions.
Ledge Finance have been providing customised business financing solutions to clients in Perth and across Australia for over 40 years.
With reliable solutions, competitive rates and an unmatched commitment to customer service, we have become one of the most trusted finance business partners in Western Australia.
Our primary focus is assisting with corporate, commercial and small business finance. This incorporates a number of different needs for a business, whether it is working capital finance, business asset finance, finance for acquisition or expansion, insurance premium funding, or equipment finance. It also includes short-term business finance, as well as long-term financing strategies. In simple terms – any debt that is associated with a business is where Ledge can help.
In order to assist you with your debt or finance requirement, our business finance specialists will firstly need to gain a deeper understanding of your vision and goals, the business itself, its current position and the future strategy.
We do this by performing a detailed analysis of the business, looking at the internal systems and processes. Once the analysis is complete, we provide business finance solutions that fit the organisation’s specific needs and requirements.
Ledge’s complete suite of business and commercial finance products include:
When it comes to growing your business, there are many challenges along the way and managing your cash flow is one of them.
Creating compelling, value adding products and services and funding stocks and supplies are just a few of the issues you may face, and we understand that banks are often unable to provide finance solutions that meet your business’s growth needs.
There are facilities available to support these growth strategies, including cash flow finance/debtor funding solutions.
Our business finance brokers based in Perth will be able to explain how you can easily manage your cash flow through varying cash flow finance solutions that suit your business’s needs.
Get in touch to see how you can easily manage your cash flow through varying solutions that suit your business’s needs.
A Surety Bond is a viable alternative to bank guarantees or level of credit, which is alternatively improving the level of liquidity of your business by freeing up bank lines for other possible banking requirements.
Having a Surety Bond doesn’t just free up capital, it frees up security and uses the business’s balance sheet strength, as opposed to property equity or dollar-for-dollar cash.
Most businesses that require a bond or bank guarantee are mainly those in the contracting industry, but the product can be used in a number of industries, including:
Project finance deals
All other sectors with a bond requirement (other than financial guarantee)
If you don’t want to tie up equity or cash which could be used in the business, talk to us to see if you qualify for a surety bond. It is a great product to help growing businesses.
Get in touch to speak to one of our Finance Executives about how your business may benefit from Surety Bonds.
Funding of Significant Change in Business
If you are a business owner and you are looking to grow it is crucial that you identify the right company to grow with and secure the appropriate funding.
Funding of significant change in your business is usually a complex mission with various alternatives available to finance, hence requiring thorough planning.
At Ledge, financing business growth is our area of expertise and we partner with businesses to provide funding and finance solutions for:
Management buy-ins and buy-outs
Buy-out of existing shareholders
Merger and acquisition finance of synergistic businesses
and many more.
We work with you to source the necessary funding to suit your individual circumstances.
Get in touch to find out more on how funding of significant change in business can help drive your growth.
Transactional banking facilities are a requirement for any business. Whether it be for their-day-to-day main trading bank account, cash management account, merchant facilities or payments, online banking solutions or international trade solutions.
Some businesses just need a trading account, whereas other businesses require a trading account coupled with online banking and then merchant facilities to allow their client to pay by credit card.
At Ledge, we can assist with your banking facilities in conjunction with your debt facilities and ensure they are tailored to the requirements of your business.
Ledge has access to the commercial, corporate and institutional areas of the bank and we position our client’s business and requirements into the appropriate area. They are given a personal transactional banking facility specialist which ensures that they receive the required level of service.
For more information on banking facilities contact us and we will be happy to assist.