As your business expands, so does the requirement for your business to make capital purchases such as Motor Vehicles, Plant and Equipment. Your decision to either purchase goods from available cash funds or to finance them may have both cash flow and taxation implications for your business. What’s best for your business will very much depend on your circumstances at the time.
If you’re looking to build your business, financing your motor vehicle and equipment purchases can help your business to free up its cash resources and invest in those areas that are most profitable. Rather than tying up funds in depreciating assets such as motor vehicles, plant and equipment, you can re-direct your cash funds into more effective purposes allowing you to maximise on opportunities and develop your business further.
WeLend can organise finance for a wide range of items, including:
Some of the financing structures we can assist with, to name a few, include:
Financing business equipment has changed over the years particularly with the introduction of GST. Businesses looking to finance motor vehicles and equipment should be aware that some finance products will have certain characteristics which prove more beneficial to them than others.
At WeLend we are dedicated to understanding and supporting the needs of businesses and offer comprehensive lending & financing solutions. Our experience, knowledge and access to a wide range of lenders means we are well placed to assist you with your business finance requirements.