Zenith Finance Blog

When most people see or hear the words "business equipment financing" or "business equipment brokers", they think about things like trucks, cars, forklifts and construction equipment.
 
But they're just the tip of the iceberg, as a new Zenith client recently discovered. 

It’s so important for small businesses to get the basics right when it comes to expenditure and budgeting. 

Some of the great success stories have begun with an investment in a franchise. But if you’re thinking about becoming a franchisee, there are a couple of important things to consider. 

Buying equipment, cars or heavy vehicles with cash to run and expand your business can be a big drain on your cash flow.

To reduce some of the risks associated with purchasing fixed assets, you could look at taking out asset finance loan, generally over 1 -5 years.  Four of the most popular types include: 

How do I choose the right finance broker for my needs? 

If you sell equipment to other businesses – be it machinery, cars, heavy vehicles or computers and furniture for the office – it’s likely you’re always on the lookout for a competitive edge.  

Approaching banks for a loan is a scary prospect for many small and medium sized business owners.

As professional equipment finance brokers, it's our job to look after much of the contact and negotiating with banks on behalf of our clients.

One seductive weapon we use to get so many business equipment loans approved is a loan proposal. It's a document that makes it easy for banks to see the client is running a viable business - and that offering them a business loan is a low risk.  

Ask Pink Floyd for their thoughts on finance, and they’ll nag, “Money? It’s a gas. Grab the cash with both hands, and make a stash!”. With a squint and a gravily whisper Clint Eastwood will also tell you nothing makes his day more than a Fistful of Dollars. And as for Cuba Gooding Jnr, well, just ask Jerry McGuire.  

Last week I wrote an article about things to watch out for when buying forklifts.

As a result, we’ve had quite a few business owners contact us to find out more about how best to finance their forklift purchases.  

Imagine how great life would be if you had a forklift at home?

Rearranging the living room, clearing out the garage and moving the fridge would no longer be annoying distractions from the game on TV, but a form of entertainment that footy would struggle to match.

Not to mention all the money you’d save on chiropractor fees...