A chattel mortgage facility is a useful finance product for sole proprietors, partnerships and companies that adopt the ‘Cash’ method of accounting for GST (Goods and Services Tax) in Australia. A chattel mortgage facility is like a residential house mortgage but over equipment; it also provides the borrower with immediate ownership of the equipment while the financier secures a charge over the asset until owned outright or the loan term has finished.

Financiers of chattel mortgages will generally finance the full purchase price or require an initial deposit/trade-in to reduce the repayment commitment.

The chattel mortgage facility allows the GST component of the purchase price of the equipment (motor vehicle or other asset) to be claimed back on the entity’s next BAS (Business Activity Statement) instead of claiming the GST over the term of the finance contract.

What are the Benefits of a Chattel Mortgage?

• No capital outlay required; unless a deposit is required by the financier
• Interest charged and depreciation of the equipment are tax deductible
• Repayments can be structured with or without a balloon payment at the of the term of the loan
• Repayments are fixed over the term of the loan
• Immediate ownership of equipment
• Loan terms up to 60 months

One of the solutions, that I can offer to you in a leveraged world is the concept of leasing. Leasing is an unique opportunity for the individual and/or business to utilize very little front money and acquire financing up to $250,000, application only. An application only means there are no financial statements, income tax returns, personal financial statements and bank statements required. The collateral of the acquisition and your good credit is the key to this approval, no additional collateral is required.

In this equation, you must asking yourself what good credit is, a personal credit score of 680, 700 and maybe 725 or higher. In this imperfect world where the economy is somewhat unstable, this opens up a unique opportunity for dealer financing with small and large U.S lenders. One particular program offers the start up and seasoned business an unique opportunity where the minimal personal credit must be 575 or higher. Wow, are you kidding and no bankruptcies discharged within five years. With an unstable economy and a shrinking labor pool, this offers an unique opportunity for the start up business and the seasoned one as well.

You probably asking what the catch to this is? Really none except this is a dealer financed inventory and you must select the items out of the lender’s inventory. This inventory includes approximately 400 work trucks, trailers, and construction equipment. These items range from basically new to ten years old and all items are reconditioned prior to being re-leased. The front money on these deals, at this time of year, range from 3-5% of the acquisition cost and financing up to 60 months. Wow! All of the dealer financed inventory has residual buyout clauses at the end of their leases from ten to twenty percent, Therefore you can take title to the acquisition. If you don’t have the funds available at the end of the lease, the lender permits you to continue making payments on the residual until it is paid off, so either way you will take title to the item financed.

Examples of what is in the dealer financed inventory: dump trucks, over the road trucks, day cabs, garbage trucks, landscape and grapple trucks, flatbed trailers, dry van and reefer trailers, backhoes, excavators, dozers, forklifts etc…

One of the additional features of this dealer/finance program is that shipping to your location is an additional option for you. The location of the dealership is in the Midwest. The decision that you have is whether you want to fly out and inspect the acquisition and drive it home. The other option is that the dealer can have it shipped to where you live. This additional charge can be financed, however requires some additional front money, the decision is yours whatever is best for you.

In conclusion, whether you are a start up business or a seasoned one, there are many leasing programs available. You should be careful and understand the details behind the lease and the lender requirements. Many banks and lenders also offer repos and off lease commercial vehicles and heavy equipment for lease with advantageous terms. Check it out and find yourself a deal.

Happy hunting for your acquistion and related financing…

Rick Reed
http://www.articlesbase.com/loans-articles/up-to-250000-financing-startups-and-marginal-credit-welcome-545429.html

If you want to speed up your business in 2007, you’ll need to fine-tune your business approach and utilise your resources to their full extent. However, like many business owners, you may be reluctant to tie up your capital. So where can you turn to if you’re looking to finance major business-related purchases such as commercial vehicles, manufacturing machinery or IT equipment?

The answer is simple: asset finance. Asset finance works in such a way that the money you borrow is secured upon the business assets you acquire. For instance, if you’re planning to invest in a fleet of commercial vehicles, the money you borrow for your purchase will be secured solely on those vehicles. This means no other part of your business will be committed to – or at risk from – the deal.

But asset finance has even more to offer: because this type of finance plan is secured on the assets concerned, it’s very cost effective. It can, for example, release your business capital and free up your cash flow, allowing you to invest in new opportunities. Asset finance can also improve your return on investment and profit margins, as well as help you make the most of tax-saving allowances. And because many financial institutions can fund up to 100 per cent of the cost of your purchase, you can acquire the assets your business needs without risking your cash reserve.

Asset finance arrangements are also often fast and flexible: repayment can be tailored to match your cash flow, and deposits and repayments can be structured depending on your circumstances. Ultimately, solutions are tailored to suit the particular needs and objectives of your business – so the result is finance that works with – and for – you.

When it comes to expanding your business, a bit of extra capital can make a world of difference. Asset finance has the power to give you just that, enabling you to react quickly to new opportunities and keep ahead of the competition, whilst maintaining a minimum cost to your business. And there’s always an expert financial team ready to cater to your unique business needs, so there’s no reason to wait. Apply for an asset finance plan today – you can get a quote in minutes, have a decision in a few hours and secure funds within one day!

Martin Mcallister
http://www.articlesbase.com/business-articles/make-2007-your-business-fastest-growing-year-yet-with-asset-finance-101874.html

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It is a fact that beautiful parks and playing and sitting in open air surely mesmerize everyone. This is the one reason why one can easily find a large number of beautiful grounds and public parks within the walking distance from the residence.

It is usually believed that these public parks and gardens contribute significantly to the physical and social development of children. It is right to a very extent and establishment of more parks should be encouraged. But the contribution from those companies also cannot be overlooked which offers park equipment and amenities with the most professionally acceptable deals in the market. 

These companies are highly respected in the market because they offer the most competitive prices to the customer without making compromise with the quality. One such company which has its reputation in the market is aaaparkitoutdoors.

Not only a large number of schools and day care center but people who wish to start a profitable business in this field also prefer to go for the picnic table and other park equipment of this site.

Even if you visit this site once, it is guaranteed that you will make a better deal and leave the site with a great smile on your face. For all kinds of requirements including outdoor benches, bench swings, and other park amenities, it is no doubt an ideal place to visit.

There are numerous reasons due to which a large number of people visit this company online to make a better deal in the amenities like picnic table, outdoor grills, message centers, outdoor benches, etc. It is not possible to highlight all the reasons as well as features over here. But some of the features that are exclusive in nature are stated below. Have a look on them and decide by your own whether dealing with aaaparkitoutdoors for various commercial park equipments like outdoor benches and picnic table will be productive for you or not!

1.      Transparency: aaaparkitoutdoors offers complete transparency and lucid results to its customers. Prices related with all the products are quoted alongside. All the terms and conditions related with shipping, return, privacy, and payment will be cleared to your in advance. There is no space for hidden costs and undesired surprises over here. 

2.      Press: with the help of this section of the site one can avail industry news, special offers, equipment updates, etc. You can easily browse all the available topics and follow the provided link for additional information. This is one of a kind of feature which you will not find with any other site offering outdoor benches and other commercial amenities online.

3.      Ready stock: if you are in the search of commercial grade products that are highly friendly to the environment then you can visit aaaparkitoutdoors now! Most of the products are readily available in the stock to match up with the urgent demands and are shipped immediately. To meet any kind of firm deadline you can rely on aaaparkitoutdoors without getting bothered.

4.      Financing options: the availability of financing options largely depends on the unit purchasing of the equipment. By contacting the site of aaaparkitoutdoors you can avail all the information related with the lease program. In normal cases, customers making purchase of $2,000 or more are entitled for financing.

Vikram kuamr
http://www.articlesbase.com/business-articles/get-the-most-favorable-quality-of-outdoor-benches-from-aaaparkitoutdoors-716381.html

When you first decide to take up Commercial Finance from a Commercial Lender, you need to consider what you have to offer as security for the loan. Items that you can use to secure a Commercial Finance package are generally property, revenue and equipment.

In the UK, most Commercial Lenders will require up 75% of the value of the loan. You will need to come up with as much as possible to secure the loan. The items you put up to secure the loan will be confiscated by the Commercial Lender should your fail to honor the terms of the loan. Let’s look at each of the things that can be used and how they work.

Property
This can be in the form of residential property owned by the principles involved in the business. It can also be existing commercial property that is owned by the business. Finally, it may also include the property you are purchasing, if the Commercial Finance package is being used to purchase property.

When you put up property to secure the loan, the lender will be looking at the equity value of the property first and the total value of the property second. They will also look at the payment history of any property that has not been paid for outright. When the lender has finished looking at the property you have, they will look at your account receivables.

Revenue
The amount of revenue generated on a regular basis. This can be weekly, monthly, quarterly and even annually to see if the income is there to support the payments on the Commercial Finance package. The lender will also look at what your potential for grow is for your receivables. Your previous growth history will help them figure that out. They will look at how much is left when you subtract all your account payables, except the loan repayment and it should be greater than 1.35:1.

Equipment
The degree to which this is helpful will depend on the type of commercial financing you are looking for and the type of equipment you are planning to use to secure the loan. If the equipment has a long shelf life, it will be more desirable than things that have a short shelf life. If your business is a trucking company, the vehicles and the equipment used to fix them could be used to secure commercial financing.

The parts that you would use to keep them running could not be used to secure commercial financing. This is because, once the part is used, it no longer exists to secure the loan. The use of a truck to secure the loan is better because it will presumably be around for a much longer period of time.

If your business is a factory, you could use the equipment you use to make the product you sell to secure commercial financing or a Commercial Mortgage. The supplies used to make the finished product would not be good because they are not going to be around once the product has been made.

This does not mean that short life-span materials cannot be used, but they are counted as general inventory in much the same way as office supplies would be. You need to keep in mind that anything you use to secure the financing from your lender will be lost if you fail to honor the terms of the finance package. The longevity of the equipment is something that will be looked at carefully by the lender.

This is because some equipment, in some industries, out date very quickly and loose value very quickly as well. If you work primarily with computers, your equipment and software will be outdated and worthless long before a loan would be paid off. Factory equipment, on the other hand, will still retain its value many years after the Commercial Finance start date and should satisfy your Commercial Lender.

Darren Yates
http://www.articlesbase.com/non-fiction-articles/securing-commercial-finance-89838.html

MIDDLEBOROUGH, MASSACHUSETTS…

While taking out a single line of credit and consolidating other debts might sound like a good strategy in theory, it puts all your debt with one lender. According to Itamar Chalif, president of Atlantic Capital Solutions, it’s a strategy that can backfire in a major way.

Atlantic Capital Solutions, based in Middleboro, Massachusetts, helps small businesses across the country find funding and lines of credit to buy or lease equipment, expand, or make other improvements. Often times, those businesses turn to ACS after a bad experience with a lender. In a number of cases, those lenders have been institutions the business had used for years.

Says Chalif, “We’ve heard some pretty horrible stories recently. One involved a business owner who had already made 24 payments on a $52,000 loan when he inquired if he could rewrite the loan to take advantage of lower interests rates. The bank offered to rewrite the loan if he put $5,500 towards the principle. The business owner declined and thought nothing more of it. The next day, he received an e-mail from the bank requesting the balance of his loan, $14,000, be paid off upon receipt. This was after the lender drew $20,000 out of his personal and business accounts. [after 24 payments, the balance on the loan was $37,000]. Adding insult to injury, he had to pay late fees on all the checks that were written and bounced because he did not know the bank depleted his accounts until it was too late.”

Adds Chalif, “Another story that’s equally disturbing involves a business owner who had been in business for more than 20 years, with total annual sales exceeding $3 million. He had excellent credit, excellent cash flow and a great net worth. For the past six years he had a $250,000 unsecured line of credit with a local bank. One day his banker invited him in and said ‘you are one of our best clients, you have been paying your loan on time, you cycle over $3 million a year through our bank and we really appreciate your business. However you have two choices: (1) provide us with collateral of $250,000 or (2) pay off your line of credit.’ The bank wasn’t completely cold-hearted. It did give him 45 days to pay off the line of credit.”

Tales like these aren’t designed to keep people from seeking lines of credit. Far from it. Says Chalif, “The idea is to diversify so that if you should somehow fall prey to one of these lenders, it doesn’t wipe out your bank accounts or, worse, put you out of business.”

To that end, ACS offers small businesses a number of solutions to getting financing and lines of credit, including:

• New and used equipment leasing/financing

• Small Business Administration (SBA) options

• Non SBA solutions for start-up businesses

• Commercial mortgages

• Terminal Rental Adjustment Clause (TRAC) leases

• Lines of credit

• Working capital loans

• Business acquisitions

• Factoring (accounts receivable funding)

Offering professional, one-on-one service, ACS helps small businesses sift through the fine print that goes along with many financing options so that the best interest of the business owner is protected.

Based in Middleboro, Massachusetts, ACS works with clients locally and nationally, including:

• Business owners, controllers, CFOs and other decision-makers.

• Entrepreneurs contemplating the purchase of a business, franchise or start-up.

• Equipment vendors

For more information about Atlantic Capital Solutions, Inc. and its range of services, you can visit http://www.AtlanticCapitalSolutions.com or call 508-718-5520 to set up a complimentary initial consultation.

About Atlantic Capital Solutions

Atlantic Capital Solutions has helped business owners, entrepreneurs, CFOs and other decision-makers find the right financing option for their organization. ACS works with a broad spectrum of lenders and institutions and is therefore able to offer a variety of customized programs for its clients, including: new and used equipment leasing/financing; commercial mortgages; Terminal Rental Adjustment Clause (TRAC) leases; lines of credit; working capital loans; business acquisitions; and more. For more information about Atlantic Capital Solutions and its range of services, you can visit http://www.AtlanticCapitalSolutions.com or call 508-718-5520 to set up a complimentary initial consultation.

Joe D’eramo
http://www.articlesbase.com/entrepreneurship-articles/why-you-cant-bank-on-consolidating-your-loans-732636.html