Wednesday, 2 May 2012

Choose chattel mortgages to finance growth

By Mary Nebotakis


Small businesses do it tough when securing a chattel mortgage for business use. Large assets with intensive service life bring increased strength and capacity to your business. These may include:

- Fabrication and construction machinery
- IT infrastructure and accessories
- Commercial automobiles including vehicles

Yet with your mind and budget dedicated to daily business it's tough to drum up funds for such important purchases. Especially when your business turns over less than $2 million yearly. Chattel mortgages hold the solution. Handing you immediate possession and usage of your required chattel. Without hefty capital outlay.

Secure urgent chattels with an experienced mortgage structure

Think chattel mortgages sound like the magic bullet you have been hunting for? Chances are you have much to gain from this ideal small company tool. You'll have funds to buy important vehicles, systems or autos outright. Yet no up front purchase costs. So just how does a chattel mortgage make this happen?

Fundamentally this is a finance loan. You quickly obtain your chattel while your lender takes a mortgage over these products. That way you hold ownership while your lender holds security. When your contract term ends and you have entirely paid off your chattel mortgage - the chattel title is yours.

Meanwhile your business can draw further benefits through:

- Low ratesthanks to a mortgage securing your chattel
- Flexible contract durations to match your business needs and needs
- Fixed interest rates and repayments to dump surprises

Trim tax needs thru your chattel mortgage

Chattel mortgages permit you to claim 100 per cent of GST as a credit on your BAS statement. Not to mention depreciation deductions for your goods and interest paid on the securing mortgage. You may also claim further repayments when your chattel is a vehicle utilised for business purposes.

Industry savvy brokers like Natloans can rapidly win you approval for chattel finance. You will have the right mortgage structure in place for your individual business. Enabling you to earn money and reputation from your newly secured chattel right away.




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