Leasing finance

   
   
 
   
   
 
     
 

Fortuna Capital provides leasing finance for plant and equipment, allowing you to save your valuable cash. A leasing facility is tax-deductible and means that you don’t need to spend cash reserves on large expenditure items such as office equipment, vehicles, machinery, computers, telephony & IT systems and professional equipment.

Leasing can be for business or consumer purposes and is provided as a line of credit. The minimum facility for a business is $2,000 and for consumers, $7,500 and the maximum facility for both is $5 million (all ex GST). The minimum term is 24 months and the maximum is 60 months. We have a variety of leasing types and products and we’ll tailor the mix to suit you.

LOW DOC LEASING EASY DOC LEASING FULL DOC LEASING  
  • Limit is $35,000 per piece of equipment

  • Parties must have a clear credit history & business operating for a minimum period of 2 years (3 preferred) 

  • The director/proprietor must be real estate asset backed 

  • The equipment must be new and have a serial/ID no: 

  • Highly specialized equipment may be excluded (but we like medical and dental equipment!)

1. Complete & sign the Leasing Finance Application Form and Assets & Liabilities statement.

2. < $25k new equipment, 2 years in business, equity in property & clean credit.

APPROVED

1. Complete & sign the Leasing Finance Application Form and Assets & Liabilities statement.

2. > $25k  – 2 years financial accounts for the business & personal tax returns for the directors/proprietors. (A commitments schedule may be required). 

APPROVED

 
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Types of facilities

1.  Operating Lease 

2.  Equipment operating lease

3.  Finance lease

4.  Revolving line of credit

5.  Usage-based & copy/print plans

6.  Commercial asset purchase

7.  Chattel mortgages

8.  Motor vehicle leasing (novated available)

 

Leasing advantages

  • Avoid obsolescence;

  • Match equipment to project needs; 

  • Easy upgrades; 

  • Allows technology to be paid for with operating budgets, not capital budgets; 

  • Match  operating costs to equipment use; 

  • Preserve working capital & free up lines of credit; 

  • Improve cash flow & forecasting; 

  • Can be off-balance-sheet; 

  • Equipment asset management & lease contract management.

 
 
 

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