Smart solutions for business owners – Small ticket finance
Equipment finance
Your clients need help finding finance for all kinds of purchases. But it’s not just the big ticket items they need help with. For those running a business, office equipment and machinery are just as important as a car or a property, but securing finance for a purchase can be tricky. At COG Aggregation, we offer a range of asset finance lending solutions from over 50 lenders, including small ticket finance. Here’s why it might be just what your clients are looking for.
What is small ticket finance?
Small ticket finance covers a range of equipment and other business essentials. Covering loans of $5,000 to $55,000, it can help fund purchases of all types of business equipment, including but not limited to:
- Computers, software and phones
- Construction and engineering
- Medical and dental equipment
- Gym equipment, vending and coffee machines
- Generators and compressors
How do borrowers qualify?
The loan criteria for small ticket finance are pretty simple. Loans must be for between $5,000 and $55,000 and borrowers must:
- Have held an ABN for at least two years
- Be registered for GST
- Hold a clear credit file
- Home owner/property owned with mortgage in the borrower’s name or spouse’s name
- Provide a 20% deposit and an asset finance credit reference (for non-homeowners only)
Want to know more?
For more information about how small ticket finance can work for your asset finance clients, contact your COG Aggregation BDM or give us a call on 1300 88 77 54.