Develop your Australian Business with Yellow Goods Finance
2 min read
If you run a business that uses yellow earth-moving equipment, this article was written with you in mind. If things are going well and you are looking to expand your fleet, there are commercial lending packages that can be tailored to your business. Specifically for the acquisition of yellow heavy commercial equipment, the loan enables you to add to or replace current equipment and develop the business to generate more revenue.
What are yellow goods?
The term ‘yellow goods’ refers to the following:
- Earth-moving equipment
- Bulldozers
- Excavation equipment
- Graders
- Conveyor belts
- Loaders
- Large dump trucks
Australia’s mining industry is huge and all operators must maintain their yellow equipment to a very high standard; even heavy-duty equipment has a lifespan and if you are operating equipment that is almost ready to be replaced, there are online lending packages that are tailored to suit the client.
Equipment financing
If it is a straightforward yellow goods finance you are looking for, look no further than Australia’s leading commercial lender who can offer low-interest, flexible repayments and terms ranging from 2-5 years. There are options for balloon payments and fixed interest rates, which many businesses prefer.
Finance leasing
There are potential tax benefits with equipment leasing, while payments are made by direct debit and there are no annual fees with this package. This is ideal if you want to add to your equipment fleet and do not want to tie up capital, which is important for small and medium enterprises.
Used equipment
Buying new equipment isn’t always the best solution and should you wish to acquire used yellow goods, the online lender is happy to provide the funds with a yellow goods loan. Terms are from 2-5 years and the asset acquired is the security for the loan. The online broker has working relationships with many commercial lenders and can receive super-fast loan approval that enables you to acquire the equipment you need. Click here to learn more about online banking and the advantages for businesses.
Online finance brokers
The advantages of dealing with a finance broker are indeed many; a broker is not tied to a single lending institution and can therefore approach numerous lenders to seek out the best deal for their client. With a broker that has your best interests at heart, you can rest assured that the best deal can be found to help your business grow.
Fast loan approval
Time is money in business and once you make the decision to acquire extra yellow goods equipment, waiting is not an option. Your broker can give you an answer within the hour once you make an online application and when you have approval, you can go ahead with your acquisition plan.
Commercial finance brokers exist to support industries like mining and major civil engineering projects and should you have an urgent need for commercial finance, start with a Google search and browse the various broker websites.
