Maximise Opportunities with Equipment Loan Broker

Brokers utilise technology to enable clients in many locations to use their services. Interactions including exchange of documents can usually all be handled online by email and phone.

Brokers can vary in their range of services and types of businesses they work with. In general terms, sole traders can use these services to source funding for the assets they require for their operation. There are companies that do handle specialist needs such as those for sole traders an micro operators.

Some broking companies may only work with established operators while others do provide services to all businesses including those just starting up. Start-up businesses can review the services offered by individual companies to find the one that meets their needs.

No. No referral is required to access professional business financing services through brokers. Clients simply contact the company directly and discuss their requirements. Some accountants will refer their clients to brokers to assist in sourcing their funding.

The roles of brokers and accountants are very different. An accountant primarily handles the bookkeeping, accounts and tax requirements for a business. The sole role of brokers is to source funding for machinery, plant and other assets.

Yes. When sourcing funding, brokerage houses will consider options from many banks and lenders but will also work with the client’s preferred bank or lender. They will handle discussions, negotiations and paperwork on behalf of the client.

There is no commitment to proceed with any quote or offer of funding sourced and presented until an agreement is signed. If the quote does meet the requirements or if the client decides not to proceed with the purchase or with working that company, there is no obligation.

Professional credit providers have varying skills, capabilities and scope in regard to services offered. Many brokers are highly skilled and qualified to handle very large and complex financing deals. Businesses can review offerings from companies to find the one that best meets their requirements.

IT hardware, software and systems when deemed approved assets for a commercial operation can be financed through services provided by brokers.

Yes. The role of professionals handling funding for clients includes discussions and liaison with the banks and other lenders. They act on behalf of clients in their dealings with sourcing funding.

Online technology and systems are used in sourcing funding on behalf of clients. Clients can communicate with the company via email at a time that suits them. Briefings and exchange of details can be handled online where a client is not readily available for phone conversations.

A full selection of credit products is generally available through brokers working in the business assets acquisition sector. These include Chattel Mortgage, Leasing, Commercial Hire Purchase and Rent-to-Own.

Accreditation is approval from banks and lenders for licensed financial services companies to approach the lender to source funding for their clients. Accreditation is not automatic. Companies need to approach the lenders and be approved by them.

Companies providing credit services by way of sourcing funding for clients should display and provide their credentials to clients. This includes their credit provider license which is issued and regulated through ASIC. Many professionals in the sector are members of the FBAA and abide by the Association’s charter of conduct.

Some financial advisors may offer services in sourcing funding for clients in addition to their role in advising in regard to investments and superannuation. The role of brokers is solely to source financing and loans for businesses and individuals. The roles are different.