Asset finance is a type of finance used by businesses to get the assets and equipment they need to grow. There are various forms of asset finance available. Businesses that need high-cost equipment – vehicles, machinery, IT systems – usually don’t have the cash on hand to make the purchases. One option is to take out a commercial loan to get the funding needed to purchase equipment outright.
Asset finance can be used to fund any asset – ranging from computer to trailer trucks to cranes. It is a great solution for a small business that needs equipment.
What can be purchased through asset finance
- Car fleets
- Computer Equipment
Steller Home Loans Pty Ltd Trading as SHL Finance – Australian Credit Licence Number 473284. ABN 92 163 306 250