When Ian Mead wanted to diversify his dryland farming business to include olive harvesting, he had trouble attracting financial backers – until he spoke to Steve at RLS.
“There are still some risk-takers out there in the world of finance if you can get them excited, and Steve managed to do that very well”.
RLS have been helping people like Ian for many years, and this experience shows:
“We’ve been back several times to buy more equipment and cannot fault their level of service and expertise"
By selecting the right finance package from a wide range of major equipment lenders, RLS can save you interest and structure your Lease or HP/Chattel Mortgage to maximise your tax deductions.
Structuring your payments to match the seasonality of your business will help improve cash flow at critical times.
You can trust RLS to work in conjunction with your accountant to achieve the optimum package for your requirements.
Contact RLS today for free no obligation consultation or to obtain fact files on:
What is the minimum amount that I can finance?
$15,000.
Do I need a deposit?
Finance with monthly repayments will not require a deposit. If you require structured repayments however, a small deposit will be required.
How long does it take to get approval?
Generally 24 to 48 hours if your financials are in order.
Do I require a cash flow forecast?
If your business is under three years old you will generally be required to provide a cash flow statement.
What is the maximum term on a finance contract?
The maximum term is five years. Businesses who require a longer term generally take out a five year contract with a high residual/balloon payment and then refinance the residual/balloon over a further term.
What type of finance is best for me?
Leasing is generally better for low depreciation items and HP/Chattel Mortgage for high depreciation items. The timing of your purchase is also an important consideration and will impact on your decision. Your accountant is generally the best source of advice when deciding which type of finance is best suited to you.
What is a Balloon (Residual) payment?
A Balloon payment is a one off payment at the end of the finance term. This enables you to reduce the amount of your repayments during the term of the finance contract.
