Purchasing equipment means that you are choosing to invest in resources for your business. Considering investing in a professional financial broker can also be a tool towards success for your business. Citywide Lending will find the right equipment loan for you, assessing the business’ wants and needs, through the lense of future financial security. Investing in experienced and skilled professional who knows how to understand, assess and evaluate current market trends are undoubtedly advantageous to your business’ cash flow.

Citywide Lending want to filter the finest option for your purpose. Equipment loans are generally secured, and the equipment purchased becomes collateral. In saying this, there are many ways you can choose to structure the repayment schedule, with no upfront deposit. In order to determine this, it is best to meet with Citywide Lending, who can examine your business and provide a professional assessment of your loan options when investing in equipment.

Often always, applicants miscalculate the implications of loans and misunderstand the responsibility of one, especially whilst running a small business. Citywide Lending aims to ensure that you, the applicant, have a clear purpose when looking to obtain finance for your business.

Important factors for you to consider are:

• What is the purpose of your finance?
• Are you able to commit to repayments?
• Are you aware of all the fees involved?   

Citywide Lending appreciate that financing is detrimental to the future of your business. If handled incorrectly, it can undoubtedly obstruct the success of your business, and ultimately its future wealth status. Knowing the implications involved in financing can ensure that the decision being made is one with careful consideration and projected outcomes. Be smart, let Citywide Lending guide you.

There are a multitude of reasons to deciding to obtain finance for equipment. More than often, stress leads to impulse decision-making, which then leads to committing to a loan. At times, this later on does not prove as a ‘smart move’ for your business.

Citywide Lending are the perfect candidates when looking to obtain advice regarding a equipment small business loan. Our expert staff utilise their ongoing knowledge of the industry to best advise you on the decision to obtain finance. There are numerous factors we consider when we offer you advice:

• Current debts
• Projected financial goals
• Business objectives

When applying for an equipment loan, it is extremely important to assess both internal and external factors on the business, prior to committing to the decision to commit to a loan. Citywide Lending can ensure that the loan you obtain contributes to business efficiency, and does not negatively affect your business.

The application process is simple, fast and efficient when applying for an equipment loan. If the correct documentation is provided, finance can be approved in as little as 24 hours.

Documentation is extremely important regarding transparency of the application from the applicant. As regulated by the Australian Prudential Regulation Authority, particular rules and regulations are in place regarding each type of application when gathering data, and are examined to ensure that you make the perfect candidate for an equipment loan. When preparing to gather documentation for a loan, look to gather information regarding:

• Company details (extracts)
• Cost of equipment
• Net profit from previous financial year
• GST registration
• Bank Statements
• Tax portals
• Assets + liability statements