Smart finance solutions for your business
Every business needs equipment and technology for its day-to-day operations. However, a business does not necessarily need to own the equipment. Rather than pay cash up front, a finance facility gives you much more control and flexibility.
Cash flow friendly payments
Our finance solutions help you manage your cash flow. With regular fixed payments, it's easier to predict cash flow, and business capital is protected as you can access the equipment you need without large cash or capital outlays.
Avoid technology obsolescence
Keeping business equipment up-to-date with rapid advances in technology can drain capital. The right facility can give you the flexibility to upgrade your equipment.
Maximised tax and budget effectiveness
Rental (or Operating Lease) can be a tax and budget friendly method of accessing business equipment. Payments may be treated as an operating expense (not a capital outlay) and as such your capital budgets are unaffected. Payments may be tax deductible, and you won’t need to worry about on balance sheet asset depreciation.*
Tailor made finance
Flexible financing is our greatest strength. No two businesses have the same needs, so we can tailor a finance solution to meet your cash flow, timing and capital budget requirements.
First class service
Classic Funding Group is a refreshing alternative to banks and other financial institutions. We offer a fast application process and same day settlement to help you access your equipment quickly.
* We do not provide financial advice. You should obtain your own financial advice on the tax and accounting treatment of any finance solution you choose.
Do you need equipment for your business but don't want to spend your capital upfront? Check out this short video showing different finance options with Classic Funding Group.
What we finance
Classic Funding Group can help you fund most items which have a barcode and aren’t your standard stock. Know the type of equipment assets we can finance.
Explore the different benefits of rental and loan solutions offered by Classic Funding Group to help you get your business finance in place.
Got a question about Equipment finance?
Check out answers to commonly-asked questions on equipment finance. If you have more questions, feel free to contact us on 1300 780 895.
Cashflow solution for a road construction company
Read how we helped a road construction company in QLD consolidate their existing debt to improve their cashflow.
Director buy-out using Equipment Finance
After 18 years of jointly managing a small rural precision engineering business, when one of the directors wanted to move on, this business turned to their broker to help.
Got a question
Can you finance old and used equipment?
Classic will consider any age of asset for finance. An independent valuer will assess the amount you can borrow against older, used assets.
What types of specialist equipment do you finance?
We can help with most assets and industry sectors. Unlike some lenders, we are happy to consider Aviation, mining and bespoke machinery.
Can Classic Funding Group help me with repay ATO debt?
Yes we can help with the finance. We are not licensed to provide you with Tax advice though.
Do you do a 7 year term?
Our maximum term for Equipment finance that is not related to Clean Energy is 5 years.
What is the minimum & maximum deal size?
There are some differences depending on whether you are part of a vendor, broker or buying direct. Our lowest deal size is $2,000 or $40,000 (brokers) up to a maximum of $1,500,000.
What do you need from me to apply?
We need a completed application which you can either download or complete and submit online
What are the minimum information requirements?
You will need to complete our application form, agree to our privacy terms, provide your financial accounts, and your Commitment Schedule. Missing information delays the credit decision.
Are there any restrictions?
All businesses need to have a minimum 2 years trading. Unlike some other lenders we will consider customers with an imperfect credit history
How long does approval take?
Application forms are approved on the same day
Once assessed how long does the settlement take?
Settlement is the same day.
What are the assessment criteria?
We assess each deal on its individual merits based on debt servicing and balance sheet strength. This full documentation approach enables us to establish which tier of interest and amount of finance that we will offer.
How long until I can get the equipment or vehicle?
Your funding will be available for your equipment or vehicle the next working day after your application is approved. We use edocs which require your email address and mobile phone number to enable this speedy processing.