Financing Big Ideas for Small Business – ABN Finance
Have you got big business ideas on a small budget? Perhaps it’s time to replace some equipment or a mobile coffee van is on the horizon? Whatever the case, you’re probably itching to watch your business grow.
Many small businesses often don’t have the same amount of documentation as big businesses and are overlooked for business equipment loans. That’s where ABN Finance and ABN Car Loans comes in.
ABN Finance – What Is It?
ABN Finance is a method of providing loans based on a business having an ABN instead of requiring the usual pile of documentation including taxable income payslips, tax returns and profit and loss statements.
What Are The Benefits Of Applying For ABN Finance?
The benefit of this type of finance is that it gives entrepreneurial minds a stepping stone to their business goals. ABN Finance provides the tools you need to grow your business.
What Options Are Available For ABN Finance?
- Low Doc Finance Options ABN Car Loan Applicants
Low Doc/No Doc Car Loans for ABN holders have become a common option for purchasing equipment or work car financing. Without the necessity of extensive paperwork, the loan can be moved along faster than usual.
- Chattel Mortgages
A Chattel Mortgage is a Business Car Loan that can be applied for by anyone from a Sole Trader to a large Corporation. The Mortgage requires that the vehicle is used for 50% business use. This kind of loan offers the applicant great flexibility and interest rates, so they can focus more on their business.
- Balloon Repayments
A Balloon Repayment is a great option for car financing/loans. It allows the applicants to use the funds when they need it, have a smaller monthly loan repayment and pay back a percentage of the loan at a later, more manageable time. Say it’s time to take on a mobile coffee van business, a Balloon Repayment gives you the ability to make small payments throughout the loan period and at the end of the loan period, you can pay a lump sum or ‘balloon’ to conclude the loan.
Whether its new equipment or a work vehicle, there are many options available for businesses of all sizes to benefit from when it comes to ABN finance. At AAA Finance, we provide our customers with over 70 years of combined experience and a panel of over 23 lenders to help provide you with the loan structure you need.
If you have any more questions about ABN Finance or would like to talk to us about applying for a loan, call us (07) 5493 1222 or email firstname.lastname@example.org.