We can assist by providing finance solutions for everything from vehicles and machinery to emerging renewable energy equipment.
Get in touch today and we will be more than happy to assist your equipment finance needs!
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’, as well as 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’s and 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:
A leasing company (lessor or owner) buys the asset for the user (lessee or hirer) and leases it to them for an agreed period.
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.
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.
At Ledge, our primary focus is assisting with commercial and business finance. This incorporates a number of different needs for a business, whether it is cash flow funding, acquisition or expansion, insurance premium funding, all the way through to equipment. In simple terms – any debt that is associated with a business is where Ledge can assist.
To enable Ledge to assist with the debt or finance requirement we first of all get a deeper understanding of our client, 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 and provide business finance solutions that fit the organisation’s specific needs and requirements.
Ledge’s complete suite of business and commercial finance products include:
To learn more about our complete range of business and commercial finance products, contact us here.
SME, Corporate & Commercial Loans
At Ledge, we facilitate a broad range of lending solutions for a range of clients in the SME, commercial and corporate space. To enable Ledge to assist with the debt or finance requirement we first of all get a deeper understanding of our client, 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 and provide commercial finance solutions that fit the businesses growth strategy needs and requirements.
We provide solutions in varying market spaces from a one-man startup, 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 startup right through to becoming a successful business, some even listing on the ASX and on from there.
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
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 Funding 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.
If you’re looking to free up your cash flow and have premium business insurance, or you simply want to know more contact us here.
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 & services and funding stocks & 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 / debtor funding solutions.
Get in touch to see how you can easily manage your cash flow through varying cash flow finance 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 possible other banking requirements.
Having a Surety Bond doesn’t just free up capital, it frees up security and uses the businesses 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, we partner with businesses and 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 coupled with 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 get the required level of service.
For more information on banking facilities contact us and we will be happy to assist.
We also provide finance solutions for health and medical professionals.
Ledge Health is a specialised division of Ledge Finance that focuses exclusively on the provision of finance for healthcare professionals. Ledge Health takes advantage of Ledge Finance’s existing relationships with banks and financiers, getting great outcomes for our clients. Whether you are needing equipment finance, practice funding, cash flow funding for your business or personal finance, Ledge Health can assist medical professionals to identify the most suitable financial instruments to secure the best outcomes.
Our substantial health and medical sector experience, combined with Ledge’s vast financial packaging capability, enables the quick identification of the most suitable financial instruments to deliver what medical professionals require and help them to secure their future.
Ledge Health can assist medical professionals with the following products:
Contact Ledge Health General Manager Noel Wright today for more information on how Ledge Health can assist you with health or medical finance.
At Ledge Health, we specialise in providing many different funding solutions that can assist you to establish an operating practice.
If you require medical equipment, there are financing solutions available that allow you to free up your cash flow to be utilised on other aspects of your health or medical practice.
At Ledge Health, we specialise in sourcing finance on the best available terms and conditions and in most instances are able to secure funding solely against the value of the assets being acquired.
Contact Noel Wright, Ledge Health Manager today to see how we can assist your business growth.
Establishing a practice, moving to a new premise or growing an existing practice is never an easy task to complete let alone commit to.
You have to buy new equipment, organise the move, possibly employ more staff and of course there’s the cost involved in doing so.
Ledge Health assists in providing bespoke financial solutions ensuring that any borrowings are appropriately geared and covered.
If you’re looking at expanding your practice or you may be in the near future, get in touch and we can discuss the different medical finance options available.
Cash Flow Finance
When it comes to growing your practice, there are many challenges along the way and managing your cash flow is one of them.
There are facilities available to support these growth strategies including cash flow/debtor funding solutions.
At Ledge Health we source favourable cash flow finance solutions that are inline with your particular needs and requirement.
Get in touch to see how you can easily manage your cash flow through varying finance solutions.
Ledge Health assists those in the health care sector with their professional and personal finance solutions.
These personal finances may include: car loans, home loans, novated lease or salary packaging options.
If you’re a medical specialist looking for favourable financial outcomes, contact us today and we can discuss the many options available to you.
Ledge Health can assist with all your property loan needs whether they be residential or commercial – personal or business.
We pride ourselves on property finance solutions that are personally tailored to your circumstances, including variable loans, fixed rate loans, or a combination of both.
To see how Ledge Health can assist with your property lending, contact Ledge Health Manager Noel Wright here.
Home Loan Finance
Ledge Health understands the increasingly competitive and complex home lending market, enabling the provision of solutions that are personally tailored to your circumstances, including, variable loans, fixed rate loans, or a combination of both.
Get in touch to see how we can assist you to review your existing home loans or help you source new home loan finance.
Buying a property is one of the biggest financial commitments we make throughout our lives.
Whether your property needs are residential or commercial – for personal or business – Ledge is committed to assisting you with your property finance requirements. We pride ourselves on property finance solutions that are personally tailored to your circumstances, including variable rate loans, fixed rate loans, or a combination of both.
Ledge’s long term relationships with a range of lenders work to our clients’ advantage and help remove the stress out of deciding what finance option is best for your requirements.
Our residential property products are also available to the employees and families of our clients, providing them with access to the range of fantastic benefits available when using Ledge.
The many property finance products that Ledge offers include: