Asset finance
Asset finance in Cairns. Keep the cash, get the gear.
Utes, trucks, excavators, coffee machines, cold rooms. If your business needs it to earn, it can usually be financed.
Who this is for
Businesses that need equipment earning, not savings drained.
This is for the builder adding a second ute and a tandem trailer. The earthmover eyeing an excavator before the dry season work ramps up. The farmer on the Tablelands replacing a tractor. The cafe fitting out a kitchen. Any FNQ operator whose next job needs gear they would rather not pay cash for.
Dealer finance is built for the dealer's convenience, not your balance sheet, and your bank will quote you their one product. Asset finance is a competitive little market where the right lender depends on the asset, its age, and how your financials look. That matching game is exactly what a broker is for.
How it works
Pick the gear. Renaee sorts the money.
Tell Renaee what you are buying and when you need it. New or used, dealer or private sale, one vehicle or a small fleet. She works out which structure fits, most often a chattel mortgage, and which lenders have appetite for that asset type at a sharp rate.
For established businesses with clean records, some lenders offer streamlined approvals with minimal paperwork. Where a deal needs full financials, she packages them once and uses them across every quote, so you are not photocopying tax returns for three different banks.
Approval comes through, the lender pays the seller, and you put the asset to work. Repayments are fixed for the term so costing jobs stays simple. When the term ends, or when it makes sense to upgrade sooner, the next deal is a phone call, because she already knows your file.
What Renaee needs from you
The paperwork, in one list
- Photo ID, a driver licence or passport
- Details of the asset, an invoice or dealer quote
- Recent business financials or tax returns
- Recent BAS statements
- Business bank statements, commonly three to six months
- Your ABN details and trading history
Established business with a clean record? Some lenders need far less than this list. Ask Renaee about streamlined options.
Common questions
Asked at most kitchen tables
The most common way businesses finance vehicles and equipment. You own the asset from day one, the lender registers their interest over it, and the loan is repaid over a fixed term. Depending on your situation there can be GST and tax advantages, which is a conversation for your accountant. Renaee sorts the finance side.
Cash is not free, it is just already yours. The question is whether that money earns more staying in the business than the finance costs you. For a lot of operators, keeping cash for stock, wages and the quiet season beats owning a truck outright. Renaee will show you the repayment maths so the decision is easy to make.
Usually, yes. Lenders have rules about asset age and condition, and private sales involve extra checks to make sure the seller actually owns the thing. Renaee knows which lenders are comfortable with older gear and private sales, which saves a lot of dead end applications.
For straightforward deals with clean financials, some lenders approve within a day or two. Low doc options exist for established businesses that can move even faster. If a machine you need is about to be sold to someone else, tell Renaee the deadline and she will pick the lender accordingly.
Bigger picture needs: commercial lending for premises and working capital, or personal loans if the vehicle is for you rather than the business.