EarthPRO Machinery can offer various types of equipment finance.

•   NO DOC FINANCE

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Also known as low doc finance. It allows the purchaser to own a peice of machinery with minimal paperwork.

Key Features

No financials required
Borrow up to $50,000
Defaults overcome
4 hour approval

•   COMMERCIAL HIRE PURCHASE

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The Commercial Hire Purchase also known as Asset Purchase, is a contract where the Financier gives you possession and use of an item of equipment in return for regular payments. When the final payment is made, the hirer owns the goods.

Key Features

Up to 100% financing (Including GST)
Business registered for GST using the Accruals method of Accounting may be able to claim 100% of the Input Tax Credit in the Business Activity Statement (BAS) following purchase
Full Ownership of equipment upon final payment
Payments may be structured – including irregular or seasonal payments
Finance term up to 7 years
Payments and Interest fixed for the life of the loan
Equity in the equipment increases with each payment
Balloon payment at end of term may be structured to lower monthly repayments.

Key Benefits

Preserves working capital
The GST refund may be used to increase working capital, reduce the amount of the loan or offset your current GST liability for businesses using the Accruals method of accounting
Builds equity in the equipment and your business
Fixed payments means cash flow is easy to manage
Interest and Depreciation are tax deductible.

•   CHATTEL MORTGAGE

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The Chattel Mortgage, also known as Commercial Loan has gained substantial popularity with small to medium businesses since the implementation of the GST.

For those businesses registered for GST that are on a cash basis accounting you should be able to claim the entire upfront GST on the transaction as an Imputation Taxation Credit (ITC) in the next BAS submission.

To ensure eligibility confirmation should be sought from your accountant or financial advisor.

Key Features

Up to 100% financing (Including GST)
Business registered for GST can claim 100% of the Input Tax Credit in the Business Activity Statement(BAS) following purchase
Full Ownership of equipment – the equipment is the security
Payments may be structured – including irregular or seasonal payments
Finance term up to 7 years
Payments and Interest fixed for the life of the transaction
Available for new or used equipment
Equity in the equipment increases with each payment
GST not applicable on monthly instalments or final balloon
Balloon payment at end of term may be structured to lower monthly repayments.

Key Benefits

Preserves working capital
The GST refund may be used to increase working capital, reduce the amount of the loan or offset your current GST liability
Builds equity in the equipment and your business
Fixed payments means cash flow is easy to manage
Interest and Depreciation are tax deductible.

•   FINANCE LEASE

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A Finance Lease is a contract where the Financier purchases the equipment and leases to you for an agreed term and rental.

Key Features

100% of financing
GST is not included in the amount financed but paid and claimed by the financier
Total Monthly Repayments are fully tax deductible
The Residual Value is fixed and is agreed between the financier and you and is subject to Australian Taxation Office guidelines
Payments may be structured – including irregular or seasonal payments
Finance term up to 7 years
Structure and term generally matched to meet useful life of the asset
Rentals are fixed for the life of the lease
The rentals and the residual value attract GST.

Key Benefits

Preserves working capital
Rentals are tax deductible
Fixed payments means cash flow is easy to manage