Specialising in commercial equipment financing for more than 40 years
As a leader in the equipment finance field, our team is experienced across a range of industries, providing flexible commercial finance solutions to assist with purchasing assets in your business.
This might be an upgrade of your light vehicle fleet, additional plant and machinery for a new contract, or emerging renewable energy equipment to reduce your operating costs. Additionally, payment terms can be structured to best suit your cash flow.
Our team of specialist equipment finance brokers in Perth are skilled in all areas of financing. Our approach is collaborative, and we look to partner with our clients, representing you, as opposed to the bank/lender, which means we obtain the best solution for your business.
If you’re seeking to partner with an equipment finance company, we welcome the chance to learn more about your business.
Partnering with Australian businesses to support their business growth
Ledge is proud to support Australian businesses like Pacific Steel Constructions, a steel construction and engineering business based in St Marys, NSW. We helped to facilitate a complex equipment finance transaction for various pieces of steel manufacturing equipment. This has enabled the business to stay competitive and at the forefront of its industry.
We spoke to Con Diakos, one of the Directors at Pacific Steel Constructions, and here is what he had to say about the business and the great relationship he has with Ledge Finance.
Equipment finance solutions for all your business needs
Whether you require equipment finance for a new crane, heavy machinery, manufacturing equipment, fleet vehicles, emerging renewable energy equipment, plus more – we have you covered.
At Ledge, we source appropriate finance leasing for businesses who wish to buy equipment.
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.
Contact us today to learn more about how you may benefit from finance leasing.
Import facilities allow you to finance and pay for goods 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.
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
- Purchase the goods at the current market value
Contact us today to see how you may benefit from a rental/operating lease.
At Ledge, we offer hire purchase finance which allows you to hire equipment/assets and pay a fixed monthly repayment over a set period. Once the payment period is over, and any final (residual value) balance is paid off, you have complete ownership of the asset.
Get in touch to learn about Ledge’s hire purchase service and how it can assist your business growth.
A chattel mortgage is a commercial finance product that provides funds for businesses to purchase an asset. The business owns the car or equipment, with the asset used as the security for the loan.
Unlike a hire purchase or an 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.
We hold an Australian Credit Licence No. 392211, which allows us to engage in credit activities like providing equipment loans to Australian businesses.
FAQs about equipment financing
To help you navigate, we have tallied some of the most common questions received by our executive team:
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.
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.
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.
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.
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.
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.
Security for equipment is generally standalone against the equipment itself as well as directors guarantees. No other collateral security or GSA is required.
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.
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.
Quite simply, financing your plant and equipment conserves your cash for use elsewhere in your business or as an additional working capital buffer.