Plant & Equipment
Having the right plant and equipment is vital to the success of your business. A plant and equipment loan will allow you to preserve your cash flow and lines of credit, whilst financing your equipment at a fixed rate of interest and delivering a tax-effective way of financing plant and equipment.
Examples of plant and equipment loans include –
- Office furniture
- Computers, desktops, laptops and servers
- Printers and photocopiers
- Trucks and earth moving equipment
- Industrial plant equipment and machinery
- Agriculture and farm equipment
- Scientific and medical equipment
Alternatively, an asset lease can be organised where the financier purchases the equipment on behalf of the client who pays the financier a fixed monthly lease rental for the term of the lease. At the end of the lease the client can either pay a residual on the lease and take ownership of the equipment, sell the equipment or re-finance the residual and continue the lease. GST is charged on the monthly lease rental and on the residual value at the end of the lease.