Small - Medium Business Equipment Finance
Rates have been holding steady over the past few months and most lenders have a quick turnaround time in providing you with an answer (providing all the information they require has been provided with the application).
With the end of the financial year now could be the time to speak with your accountant about what you could spend on new or replacement equipment for your business.
Types of equipment that can be financed include passenger cars, light and heavy commercial vehicles (including the good old work ute), earthmoving and construction equipment, manufacturing plant and equipment, medical and dental equipment, agricultural and farming equipment, office equipment and computers, as well as restaurant and cafe equipment.
If you are unsure as to what you can have financed give me a call on 0407 738 644.
Saturday, May 7, 2011
Looking For A Lifestyle Change
Looking for a lifestyle change - do you dream of having a hobby farm?
You can borrow up to 90% of the value of the property plus lenders mortgage insurance if there is a residential dwelling on the property and it is fully serviced with town water, direct sealed public road access and is attached to the electricity grid.
Even if the property does not have town water, you could still borrow up to 80% of the value of the property. Maximum land size 50 hectares.
To find out more please phone Dale on 0407 738 644
You can borrow up to 90% of the value of the property plus lenders mortgage insurance if there is a residential dwelling on the property and it is fully serviced with town water, direct sealed public road access and is attached to the electricity grid.
Even if the property does not have town water, you could still borrow up to 80% of the value of the property. Maximum land size 50 hectares.
To find out more please phone Dale on 0407 738 644
Fantastic Fix Rate Offer
This Building Society has a fantastic fixed rate offer available up to 1st of July.
With the potential for the Reserve Bank to lift interest rates in the next few months this could be a good opportunity to act while this offer lasts - lender expects this to change on 1st July 2011.
Also no application fee for loans $250,000 or more and first year annual fees is waived. This offer can also be combined with the above fixed rate offer.
To find out more please phone Dale on 0407 738 644
- Fixed for 1 year - 6.79% (Comparison Rate 7.95%)
- Fixed for 2 years - 6.89% (Comparison Rate 7.86%)
- Fixed for 3 years - 6.78% (Comparison Rate 7.79%)
With the potential for the Reserve Bank to lift interest rates in the next few months this could be a good opportunity to act while this offer lasts - lender expects this to change on 1st July 2011.
Also no application fee for loans $250,000 or more and first year annual fees is waived. This offer can also be combined with the above fixed rate offer.
To find out more please phone Dale on 0407 738 644
News Flash - Refinance Offer From Major
News Flash - "Majors offer to pay refinance costs on small business lending"!
Hardly news when you consider a non major lender offers -
Hardly news when you consider a non major lender offers -
- Business Purpose Loans from 6.95% (Basic Mortgage Promotion Comparison Rate 7.00%)
- Cash out to 90% loan to value - Maximum cash out $1,000,000.00
- Company and Trust Structure borrowers
- Nil application fee or account keeping fees
- Offset Loans at 7.08% (Professional Package) (Comparison Rate 7.39% on Standard Variable Loan)
Tuesday, March 29, 2011
Special Home Loan Offer
0.85% off standard variable rate of 7.83% for the life of the loan - available until 29 April 2011. Suitable for home purchases (owner occupier and investment), first home buyers and refinancing. Phone now on 0407 738 644.
Business Borowing Trend Puzzling
The impression I get when reading Tim Hughes Economic report in yesterday morning's Courier Mail is that even through our economy has improved greatly to a position where economists expected business to be investing, this is not happening. Hughes reports;
"The behaviour of business is at least as puzzling (as household reluctance to borrow and to spend). In the face of record high commodity prices and an incredible surge in our export income, and banks wanting to get back into lending, business borrowing has actually fallen in each of the past seven months."
For businesses looking to upgrade equipment the following is a brief outline of some of the equipment lenders will look at financing.
Passenger Cars
Light and heavy commercial vehicles
Earthmoving and construction equipment
Manufacturing plant and equipment
Medical and Dental Equipment
Agricultural and farming equipment
Office equipment and computers
If you have plans to upgrade equipment, cars or trucks and want to feel confident about getting the finance, give me a call on 0407 738 644 and we can work out a plan to achieve your goal based on the information you currently have.
"The behaviour of business is at least as puzzling (as household reluctance to borrow and to spend). In the face of record high commodity prices and an incredible surge in our export income, and banks wanting to get back into lending, business borrowing has actually fallen in each of the past seven months."
For businesses looking to upgrade equipment the following is a brief outline of some of the equipment lenders will look at financing.
Passenger Cars
Light and heavy commercial vehicles
Earthmoving and construction equipment
Manufacturing plant and equipment
Medical and Dental Equipment
Agricultural and farming equipment
Office equipment and computers
If you have plans to upgrade equipment, cars or trucks and want to feel confident about getting the finance, give me a call on 0407 738 644 and we can work out a plan to achieve your goal based on the information you currently have.
Wednesday, February 23, 2011
Key Is For Business To Stay Up To Date
Have you had your 2010 financials completed by your accountant? All lenders now require these plus 2009 financials with any applications.
If you have been in business under three years you will also need to have a business plan and copies of BAS returns up to the current time.
If you have plans to upgrade equipment, cars or trucks and want to feel confident about getting your finance, then give me (Dale Joyce) a call on 0407 738 644 and we can work out a plan to achieve your goal based on the information you currently have.
If you have been in business under three years you will also need to have a business plan and copies of BAS returns up to the current time.
If you have plans to upgrade equipment, cars or trucks and want to feel confident about getting your finance, then give me (Dale Joyce) a call on 0407 738 644 and we can work out a plan to achieve your goal based on the information you currently have.
Steps To Buying Your First Home
Are you hoping to buy you first home in the near future and would like some guidance on the process, and how much you need to save? Give me a call (Dale Joyce) on 0407 738 644 and make an appointment for a free assessment.
There are four main factors you need to look at to feel comfortable about your finances when you start looking for that dream home.
1. Your income and expenses and how much you can afford to make in monthly repayments.
2. The amount you can borrow based on your income less expenses.
3. The deposit you will need to save to borrow what you need.
4. Additional funds you will need to cover all the expenses related to a purchase and a loan.
I will come to you at a time and place to suit you, and we can work out a plan to buy your dream home.
There are four main factors you need to look at to feel comfortable about your finances when you start looking for that dream home.
1. Your income and expenses and how much you can afford to make in monthly repayments.
2. The amount you can borrow based on your income less expenses.
3. The deposit you will need to save to borrow what you need.
4. Additional funds you will need to cover all the expenses related to a purchase and a loan.
I will come to you at a time and place to suit you, and we can work out a plan to buy your dream home.
Wednesday, February 16, 2011
Home and Business Loan Update 14 February
A non major bank has a special offer with good basic variable rates for home and business loans starting at 6.95% for a loan of up to 70% of the value of property offered as security. For a lending ratio of 81% to 90% the rate is 7.32% which is comparable with your major lenders. Features of this loan include no restrictions on the amount of cash out on loans up to $1 Mil and up to 90% loan ratio. They also lend for business purposes at residential rates and the borrower can be a company or a trust. Overseas borrowers are also considered.
There is a limited time on this offer so if you are interested it is suggested you act today.
SELF EMPLOYED and would like to purchase or upgrade you home but do not have your financials ready and have not been in business for three years. Low doc loans in their old format no longer exist and lenders are coming out with new policies to meet responsible lending requirements for borrowers who fall within this category. Expect to see "Alternative Income Vertification" loans or words to that effect. Some requirements will be that you have been ABN registered for 2 years, GST registered for 12 months, be able to provide BAS statements and minimum 6 months business banking statements.
FIRST HOME BUYERS - Are you having trouble meeting "genuine savings requirements" of the major lenders? If so give me a call.
As long as you have proof that you have the funds (including First Home Owners Grant) to finalise the sale I have a well respected bank who will lend you up to 95% of the value of the property plus capitalise the lenders mortgage insurance. This lender also has a special going ending 29th April 2011 with 0.20% discount off their standard Back to Basics variable rate and no establishment fee.
EQUIPMENT FINANCE - Your time is valuable and my service to you is that I will come to you at a time and place to suit you to discuss your finance requirements. We can discuss what you need and what loans there are available and which lenders policy may suit your current financial position. If time permits I can also provide a free credit assessment on your current borrowing and how they may affect any future needs to borrow or undertake and action which will improve your financial structure.
There is a limited time on this offer so if you are interested it is suggested you act today.
SELF EMPLOYED and would like to purchase or upgrade you home but do not have your financials ready and have not been in business for three years. Low doc loans in their old format no longer exist and lenders are coming out with new policies to meet responsible lending requirements for borrowers who fall within this category. Expect to see "Alternative Income Vertification" loans or words to that effect. Some requirements will be that you have been ABN registered for 2 years, GST registered for 12 months, be able to provide BAS statements and minimum 6 months business banking statements.
FIRST HOME BUYERS - Are you having trouble meeting "genuine savings requirements" of the major lenders? If so give me a call.
As long as you have proof that you have the funds (including First Home Owners Grant) to finalise the sale I have a well respected bank who will lend you up to 95% of the value of the property plus capitalise the lenders mortgage insurance. This lender also has a special going ending 29th April 2011 with 0.20% discount off their standard Back to Basics variable rate and no establishment fee.
EQUIPMENT FINANCE - Your time is valuable and my service to you is that I will come to you at a time and place to suit you to discuss your finance requirements. We can discuss what you need and what loans there are available and which lenders policy may suit your current financial position. If time permits I can also provide a free credit assessment on your current borrowing and how they may affect any future needs to borrow or undertake and action which will improve your financial structure.
Tuesday, February 1, 2011
Home and Business Loan Update - 01 February
As we progress into the New Year more lenders are having special promotions to obtain business. The latest across my desk is a discount of 0.20% on the basic variable rate for new lending of $150,000 and over, which commences 31 January and is available until 29 April 2011.
For a loan of $150,000 over 25 years this can represent a saving of $19.25 per month. This does not seem much but when average home loans are around $300,000 this count represent a saving of around $38.50 per month.
An offer suitable for small business - business loans at residential rates with no cash out restrictions on loans up to $1Mil and a lending ratio of 90%. You can borrow as a company, trust or individual.
For a loan of $150,000 over 25 years this can represent a saving of $19.25 per month. This does not seem much but when average home loans are around $300,000 this count represent a saving of around $38.50 per month.
An offer suitable for small business - business loans at residential rates with no cash out restrictions on loans up to $1Mil and a lending ratio of 90%. You can borrow as a company, trust or individual.
Competitive Interest Rate On Commerical Vehicles
With the work available for heavy commercial vehicles in the Eastern States, you may need to replace or upgrade your truck. If so PMI Finance Broking Service has access to an extensive range of extremely competitive interest rates and a broad range of vehicle and heavy equipment finance products.
For a free assessment on affordability and possible restructure of finances to achieve your goal, please phone Dale on 0407 738 644.
For a free assessment on affordability and possible restructure of finances to achieve your goal, please phone Dale on 0407 738 644.
Gen Y Hospitality Start Ups
For the Gen Y entrepreneur who has completed their apprenticeships and want to start their own restaurant, cafe or like business in the hospitality industry we have the product to help you obtain your equipment to get you started. Unlike the banks you do not need to have real estate security and there are no director guarantees required.
Initially you rent the equipment. Should at any time the equipment no longer suit your needs, it can be replace with other suitable equipment. This funding is very flexible.
Please phone me on 0407 738 644 yo find out more about this very attractive finance product.
Initially you rent the equipment. Should at any time the equipment no longer suit your needs, it can be replace with other suitable equipment. This funding is very flexible.
Please phone me on 0407 738 644 yo find out more about this very attractive finance product.
Monday, January 24, 2011
Considered a Non-Bank Lender
If you are considering buying a new home while it is still a buyer's market, we have a very good product available from a non bank lender with no application, valuation or legal fees until further notice. The interest rate is also comparable with the big four with a variable rate of 6.99%. (ANZ - 710%, CBA - 7.11%, Westpac - 7.16% and NAB Homeside - 7.00%)
Call Dale on 0407 738 644 to talk about taking advantage of this offer.
Call Dale on 0407 738 644 to talk about taking advantage of this offer.
Debtor Finance Options
Debtor Finance provides the opportunity to increase your business without using your personal property as security. It is also -
- Flexible and increases in line with growth in your sales ledger so is well suited to a fast growing business.
- Has costs comparable to a bank overdraft, and
- Provides funds within 24 hours of submitted invoices being approved.
Commercial Motor Vehicle Finance
PMI Finance Broking Service has access to an extensive range of extremely competitive interest rates and a broad range of motor vehicle finance products. Ask Dale how we can help on 0407 738 644.
Insurance - Tradesman's Opportunity
Suncorp Insurance have announced that the cleanup, replacement and repair work will take many months, maybe years to complete after the Queensland floods. Suncorp will require registered trades people and businesses to assist in replacement and repair work. We encourage Gold Coast tradesman and businesses to register with Suncorp Insurance if their businesses can provide the services required.
An application is attached for you to download - download here.
If you need additional or replacement equipment or vehicles to enable you to provide this service we can arrange finance for you.
An application is attached for you to download - download here.
If you need additional or replacement equipment or vehicles to enable you to provide this service we can arrange finance for you.
Funding Hospitality and Catering Assests
OPPORTUNITY - Try new equipment with the opportunity to buy it using a 12 month rental agreement. Some great options available.
- Purchase the equipment at any time during the first 12 months and you will receive a generous nett rental rebate
- Return the equipment at the end of the 12 month agreement if it is no longer required.
- Continue to rent
- Upgrade if your business out grows the original equipment
- Funding of new ventures available
Self Managed Superannuation Funds
Self managed superannuation funds can now borrow to help purchase investment properties. It is possible to accelerate wealth creation by investing in bigger and better quality investment properties. This new product allows SMSF's to borrow up to 80% of the value of residential property and 70% of the value of commercial property.
This is available to superannuation funds of any size. Call me on 0407 738 644 to talk about the options.
This is available to superannuation funds of any size. Call me on 0407 738 644 to talk about the options.
Tuesday, January 11, 2011
Queensland Housing Market
There is so much happening in the home loan market at present that it could be a good time to refinance as the Federal Government is encouraging home owners to do. However, if you are considering refinance of your home loan it could be a good time to reassess your whole financial situation with a view of reducing your total monthly repayments.
As reported by Jason Bryce in The Sunday Mail on 09.01.2011 - "We have seen our biggest month in home loan applications for November following the rate rise" said consumer advocate Michelle Hutchinson, from financial comparison site CityRate. "We recorded a 231 percent increase in November for home loan applications compared to October. December was up 224 percent compared to December 2009."
The Commonwealth Bank is advertising a standard variable mortgage rate of 7.81 per cent, the highest of the big banks. Even if you could reduce your loan by on half of a per cent on a $300,000 loan you could save around $29,086 over a 25 year loan period.
St George is now accepting rent as form of "genuine savings' with written verification from a Licenced Property Manager/Agent. Tier two of acceptable deposit sources now include bonuses, dividends and commission payments, inheritance, tax refunds and net proceeds of sale of non real estate assets - conditions apply.
As reported by Jason Bryce in The Sunday Mail on 09.01.2011 - "We have seen our biggest month in home loan applications for November following the rate rise" said consumer advocate Michelle Hutchinson, from financial comparison site CityRate. "We recorded a 231 percent increase in November for home loan applications compared to October. December was up 224 percent compared to December 2009."
The Commonwealth Bank is advertising a standard variable mortgage rate of 7.81 per cent, the highest of the big banks. Even if you could reduce your loan by on half of a per cent on a $300,000 loan you could save around $29,086 over a 25 year loan period.
St George is now accepting rent as form of "genuine savings' with written verification from a Licenced Property Manager/Agent. Tier two of acceptable deposit sources now include bonuses, dividends and commission payments, inheritance, tax refunds and net proceeds of sale of non real estate assets - conditions apply.
Tuesday, January 4, 2011
Queensland Housing Market Still Weak
Michelle Hele, Property Editor of the Courier Mail reported on 2 January -
"BIS Shrapnel's senior project manager Angie Zigomanis said that while other states had seen a pick-up in 2010, Queensland's (housing) market was still very weak. The Queensland market collapsed a little later than other states, so it was natural it would take a little longer to bounce back."
He also said "I think the year will start off fairly subdued, but I think as 2011 wears on you will start to see first home buyer demand pick up again, probably in the second half of the year. We expect the interest rate environment to be a little more steady this year with only one or two more rises so people will start to gain a bit more confidence."
In the same issue of the Courier Mail it was reported that "St George, according to a major broker 'will accept rent as a form of savings for a home deposit if there is evidence of a minimum of 12 months continuous satisfactory rental hsitory'." More on this when St George issue their policy.
Citibank have been the first to send our rates and updates for the New Year and have said to stay tuned for their NEW promotions for 2011. I will let you know when the first promotion is announced.
"BIS Shrapnel's senior project manager Angie Zigomanis said that while other states had seen a pick-up in 2010, Queensland's (housing) market was still very weak. The Queensland market collapsed a little later than other states, so it was natural it would take a little longer to bounce back."
He also said "I think the year will start off fairly subdued, but I think as 2011 wears on you will start to see first home buyer demand pick up again, probably in the second half of the year. We expect the interest rate environment to be a little more steady this year with only one or two more rises so people will start to gain a bit more confidence."
In the same issue of the Courier Mail it was reported that "St George, according to a major broker 'will accept rent as a form of savings for a home deposit if there is evidence of a minimum of 12 months continuous satisfactory rental hsitory'." More on this when St George issue their policy.
Citibank have been the first to send our rates and updates for the New Year and have said to stay tuned for their NEW promotions for 2011. I will let you know when the first promotion is announced.
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