Horizon Financial
Business and Equipment
Could a business loan bring you more business?
Whether you're starting up a business or thinking of expanding, you need finance to do it properly. At Horizon Financial we can help you grow by finding the right commercial mortgage or business loan.
We can help you with:
- Buying a business or franchise
- New plant or equipment finance
- Cashflow
- Refinancing business debt
- Working capital finance
- Commercial property loan
We'll explain all the alternative business loan options available to you. And we'll find you the ideal financial solution from the many major banks and business loan lenders associated with Horizon Financial.
We make getting a business loan easier
We've helped many business people obtain finance, and we understand that unless it is handled in the right manner it can seem a daunting experience.
That's why we guide you through the process of gathering the necessary facts and figures to get your commercial mortgage or business loan approved with the least fuss. It means less pressure for you and more time to get on with your business.
Equipment finance
As business grows, so do the number of decisions you face regarding finance and equipment. Deciding whether to purchase assets outright using your own cash, organise a loan, lease or consider hire purchase.
The option that best suits your business will naturally depend on your circumstances at the time. So you need experienced, objective advice,when it comes to making decisions about your business capital needs.
Horizon Financial is here to help you do just that. One of our experienced team will help you assess your requirements and then recommend a course of action that offers your business the most suitable financial option.
We're fiercely competitive, flexible and can offer you terms and finance options tailored to suit your needs. And we won't be beaten on rate
What sort of equipment can we finance?
Horizon Financial can offer finance solutions for pretty much any plant and equipment that can improve your business, including:
- Cars, utilities and light commercial vehicles
- Computing and office equipment
- Trucks and buses, forklifts, cranes and earthmoving equipment
- Printing, medical and general manufacturing equipment
- Industrial plant equipment and tools.
Do you lease or buy?
Leasing or asset purchase finance can be an effective way to purchase major equipment - it all depends on your individual circumstances. Both are ideally suited to capital items that depreciate over the short to medium term.
Leasing
The equipment is owned by the lender and there is no obligation to buy at the end of the term, however the lender consider an offer to purchase the equipment for the agreed residual value.
Lease payments are likely to be tax-deductible if the equipment is used to generate assessable income.
Asset Purchase
Again, the lender owns the equipment for the life of the agreement. Unlike leasing, once the final payment is made the equipment is yours..
Provided it can be shown that the equipment is used to generate assessable income, both the interest component of your payments and depreciation on the equipment are tax-deductible.
You may place a cash deposit, but this is not generally required, and you can negotiate to buy the equipment outright at any time during the agreement.
As the taxation and accounting implications of leasing and asset purchase finance may vary, we recommend you consult your accountant's advice before choosing an option.