Salt Water Lending are experts in funding the purchase or refinance of business assets. Some examples of assets we finance include machinery, forklifts, earthmoving equipment, medical equipment, tools of the trade, IT equipment and fitouts.
Asset purchases should result in increased revenue and improved productivity. Financing allows the business to grow and helps maintain cash reserves, which is important for managing potential cashflow fluctuations.
Many of our clients finance multiple assets and often have more than one active contract. We help manage these accounts by tracking current commitments, planning for future purchases and monitor existing contracts that are approaching maturity date.
We work with many lenders to ensure the loan is the most competitive option available. Most of our larger clients have asset finance contracts with more than one lender. Our systems make this an easy process to manage.
Vehicle Finance includes the purchase or refinance of cars, utes, trucks and trailers. Our clients are usually buying for their business, but we can also assist individuals who use their own car for work.
Most commonly we arrange Chattel Mortgage agreements, but we also have Leasing options available. Employees can also take advantage of a Novated Lease Agreement and may be able to achieve tax benefits under this structure.
With several lenders to choose from, our clients are confident the deal we provide is very competitive. We also provide advice on loan structures to make sure the new contract is most suitable.
When a contract is nearing completion, we actively work with our clients to upgrade the vehicle if required. Salt Water Lending has many contacts at dealerships and often assist with purchase and trade in negotiations.
The two main areas of business finance are to purchase or refinance commercial property, or to provide cash for growth.
Commercial property finance is popular for business owners who prefer not to rent. The reasons are usually because owning a property can result in increased wealth, or because the business owner has more control over the premises. Salt Water Lending can assist with the best finance structure and lender.
Cashflow loans are also popular and have been one of the fastest growing areas of business loans in recent years. There are secured and unsecured options which means there is generally an option available to most businesses.
Funding the construction of residential and commercial developments has become increasingly more challenging in recent years. Many mainstream funders, including major banks, have limited the type of projects they consider. This has provided specialist lenders an opportunity to grow their market share. Fortunately, there are now many options available, especially for applicants with a strong equity position.
Salt Water Lending has aligned with several lenders including private funders. We are able to provide our clients with a clear pathway to funding once the project feasibility has been established.
Property is a popular investment, and many first-time developers are enthusiastic about completing a project. Salt Water Lending will help guide investors and identify the key risks and benefits involved. In broad terms we can assess the availability of lending, consider the need for contingency plans, discuss GST considerations and work through realistic time frames.