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.
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