Business or Commercial finance
As the price of electricity supply and other energy forms continues to soar, business owners across Australia are facing massively increased costs. Solar power gives the business owner the opportunity to take control over their energy costs and manage their budget more effectively. The finance repayments may also be tax deductible to the business.
Commercial finance for solar systems is very specialised and traditional major banks and lenders are not generally interested in financing solar power, or accepting solar equipment as collateral.
At Solar & Energy finance they have researched extensively and they now have agreements with funders that will finance solar systems.
100% no deposit commercial finance
Up to 7-year term (6 & 7 year terms >$35k and full doc only)
We can fund anywhere in Australia
Solar – Air – Storage – Refrigeration – we can finance anything!
Here are some of our commercial finance options; once they have the opportunity to discuss your circumstances they can recommend the best option for you. Solar & Energy finance recommends that you discuss the option with your accountant, to find the one most relevant to your needs.
Once you have spoken to a member of the Edwards Solar Plus team and we have assessed your property to advise on the size of solar system most optimum for your businesses needs and to gain the best possible return on investment. Then our team member will advise you of the pricing structure for the customized system for your property. This will set the benchmark for how much finance you will need to borrow for the system.
Edwards Solar Plus are happy for you to contact Todd direct and pre-arrange your solar finance options or we can help you through the whole process. Once you have been advised on a system size and settled on the grade of system you wish to purchase then all that is left to do it get fast approval from Solar & Energy finance and we can take care of the rest.
Commercial finance repayment schedule and application
To see an example of the commercial solar finance rates, please click here.
Click here for our commercial finance application form
Solar & Energy finance can offer you a chattel mortgage with the following features:
Up to 100% of the invoice cost can be financed
The client owns the equipment from day one
The client claims 100% of the GST back in the first BAS period
The client claims tax deduction for the interest component of the repayments
Clients can claim depreciation of the equipment
Loan is shown as a liability on the clients balance sheet
Standard loan term of 60 months (72/84 months for >$35k and full doc; up to 120 months may be available for large corporate clients)
Operating Lease (Rental Contract)
Repayments are 100% tax deductible (as opposed to only being able to claim interest and depreciation on the Chattel Mortgage)
After the rental term expires the client can purchase the equipment off the funder for one final payment.
Off balance sheet expense – is not shown as a liability on the customers balance sheet
Fixed payments for the term of the agreement – makes it easy to budget for
Utilises the asset being financed as the security
100% of the cost is financed – install, engineering and supply
Preserves the customers working capital and existing funding lines
Similar to the Chattel Mortgage but GST cannot be claimed up front, and asset is owned by client upon final payment.
Low Doc Finance < $50k
The latest fantastic addition to our commercial finance range, this facility is a fast and simple solution for loans less than $50k.
Chattel Mortgage and Rental are available, over a 5-year term and 100% No Deposit finance.
No tax returns, business financials, BAS statements etc are needed; the applicant simply needs to meet the following criteria:
ABN and GST registered for a minimum of 3 years
Equity of greater than $100k in property
Clear credit file
If unable to meet the above criteria they can assess the application normally using the last two years business financials.
One simple application form, no financials, speedy approval and great rates – we make it easy for you!
Disclaimer: The above information is general in nature only; customers should not rely on the information above but should instead seek professional independent advice from their accountant or solicitor. The information is not intended to imply taxation benefits are available to individual customers. Commercial finance is only available to commercial ABN holders and for business purposes only.
Business Term Loan
They can access one of the 15 commercial lenders on their panel and set up a business term loan facility secured against any existing residential or commercial property.
Traditional terms from 1-10 years and Principal & Interest, or Interest Only, are available.
For more information on Business Term Loans, please visit our contact page.