Besides using the owner’s cash reserves, Financial Institutions can provide some of the funding for a business. Some of the forms of funding that Financial Institutions can provide are:
- Bank Bill Facilities
- Term Loans (Including mortgages over freehold property)
- Debtor Factoring
- Leasing / Including Novated Leasing
- Hire Purchase Contracts
- Chattel Mortgages
Which type of financing is appropriate will depend on factors such as:
- Is the funding to finance cash flow shortfalls?
- Is the funding to acquire specific assets?
- Do the assets include Intangible assets e.g. Goodwill?
- Is there a desire to only fund part of the assets purchase price?
- Is there a desire for the finance to be fully paid out with the last payment?
- What provides the most beneficial GST claim outcome?
- Are tax deductions more accelerated under one form of financing than another?
- The life span of the asset being acquired
At Bentleys, we are able to:
- Assist you in assessing the most appropriate form of finance
- Assess various rates and fees that are available
- Consider the use of fixed, capped or variable rate facilities
- Guide you through the process of connecting with our network of reputable brokers and business bankers
