Got a question about Equipment finance?

ATO

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.

Settlement time

Once assessed how long does the settlement take?

Settlement is the same day.

Loan limits

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.

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

Application

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

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.

Asset types

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. 

Approval time

How long does approval take?

Application forms are approved on the same day 

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.

Asset types

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.