What is a Asset Finance Loan?

Asset finance is a type of lending that enables you to access business assets such as equipment, machinery and vehicles without having to buy them upfront. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.

Business asset finance is typically attractive to businesses who want to put their growth plans into action but don’t necessarily have the ready cash, or business owners who would rather spread large costs over a longer period.

Short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest technology. Asset finance is a broad category that relates to valuable items in your business.

How asset finance works

Asset finance works in a few different ways, depending on which type of asset finance you opt for. Chattel Mortgage works by enabling you to spread the cost of purchasing an asset over a set amount of time. Once you’ve paid the lender in full, the asset is yours to keep.

Equipment leasing, on the other hand, works by the lender buying the asset and you paying a monthly fee to rent it. At the end of the agreed term, you can extend the lease, pay the remaining balance or upfront agreed amount to buy it, upgrade to a new model or return the asset back to the lender.

Asset refinance allows you to release cash into your business using your existing assets. You can also use it to consolidate debt or provide security when structuring a deal. Depending on your situation, lenders will typically lend up to 80% of your asset’s value.

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Get your Flexible-thinking asset finance loan questions answered today.

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Get your Flexible-Thinking asset finance loan questions answered today.

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Non-homeowner, no worries!

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Confidence

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Non-homeowner, no worries!​

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Let us help your dream come true

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Let us help your dream come true

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We’ll help get your business moving

Premium Finance Group Australia is a full service financier and broker with over 20 years of experience in tailored funding solutions.

Simple application process

Apply

Complete our simple 1-page application

1. Apply

Complete our simple 1-page application

Approval

Finalise equipment list and sign the loan agreement

2. Approval​

Finalise equipment list and sign the loan agreement

Payment Confirmation

We pay your suppliers

3. Payment Confirmation

We pay your suppliers

Let’s get your application for funding started.

Have questions?

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(07) 4720 8888