Common questions

A no doc loan is a type of loan that requires minimal or no documentation of a borrower’s income or assets.

In a no doc loan, the borrower is not required to provide proof of income, employment, or assets. Instead, the lender relies on the borrower’s credit score and the value of the property being financed to assess the borrower’s ability to repay the loan.

Equipment finance can be crucial for businesses that require expensive equipment to operate. Here are some reasons why a business might need equipment finance:

1. Equipment costs: Purchasing equipment can be a significant expense for businesses, especially for startups or small businesses. Equipment finance allows businesses to acquire the equipment they need without having to pay the full cost upfront.
2. Cash flow management: Equipment finance allows businesses to manage their cash flow more effectively by spreading the cost of equipment over a period of time. This can help businesses avoid significant cash outflows and maintain a healthy cash flow position.
3. Competitive advantage: Investing in the latest equipment can give businesses a competitive advantage by increasing efficiency, productivity, and quality. Equipment finance allows businesses to upgrade their equipment without having to wait until they have enough cash on hand to make the purchase.
4. Tax benefits: Equipment finance can offer tax benefits for businesses, such as deductions for depreciation, interest payments, and lease payments.
5. Risk management: Equipment finance can help businesses manage the risk of equipment obsolescence and maintenance costs. Lease agreements can include provisions for equipment maintenance and replacement, reducing the risk of unexpected costs and downtime.

Overall, equipment finance can be an effective way for businesses to acquire the equipment they need to operate, manage their cash flow, and stay competitive. It’s important to consider the financing options available and seek professional advice before making a decision.

An equipment finance broker can provide valuable assistance to businesses that require financing for equipment. Here are some reasons why you may need an equipment finance broker:

1. Access to a wide range of lenders: An equipment finance broker has access to a variety of lenders and can help businesses find the best financing options for their needs. This can save businesses time and effort in searching for lenders and comparing financing options.
2. Expertise and knowledge: An equipment finance broker has specialised knowledge and expertise in equipment financing. They can provide guidance and advice on the most suitable financing options for your business and help you navigate the complexities of the financing process.
3. Negotiation power: An equipment finance broker can negotiate with lenders on behalf of your business to secure favorable financing terms and rates. This can result in significant cost savings and better financing terms for your business.
4. Time-saving: Equipment finance brokers can handle the paperwork and administrative tasks associated with equipment financing, freeing up your time to focus on running your business.
5. Ongoing support: An equipment finance broker can provide ongoing support throughout the financing process and beyond. They can help you with any questions or concerns that arise and can assist with equipment insurance, maintenance, and replacement.

Overall, an equipment finance broker can provide valuable assistance to businesses that require financing for equipment. They can help you find the best financing options, negotiate favorable terms, and provide ongoing support throughout the financing process

We sure do! We have a range of unsecured and secured loans, meaning we have various options to suit your business needs.

In short, it’s determined based on your cash flow – much like a home loan. Your borrowing capacity will be calculated based on income vs expenditures.