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A fast and hassle free process to acquire equipment finance, tailored to meet your specific business needs.
From $5000
1 - 7 Years
Over 40 Lenders To Choose From
Securing financing for your catering equipment can present a formidable challenge as traditional banking institutions may not fully grasp the immediate and long-term impacts of investing in your food business.
At iCREDIT, we understand the unique challenges faced by catering professionals.
Specialising in delivering tailored financial solutions for forward-thinking enterprises nationwide, our team of equipment finance specialists recognis the value of your time and the impracticality of being offline. We work directly with you to understand your distinctive business requirements and the substantial advantages that additional catering equipment can bring.
Our mission at iCREDIT is to provide expert guidance on catering equipment finance solutions that align seamlessly with your business goals, ensuring your kitchen remains at the forefront of innovation and efficiency.
At iCREDIT, we recognise that every business is distinctive. That’s why we invest the time to deeply understand your specific business objectives, allowing us to craft loan products perfectly tailored to your individual needs. We specialise in offering flexible financing solutions for a wide range of business-related equipment, with a strong emphasis on catering and food preparation equipment.
Yes, we have lenders on our panel that can assist with new business ventures. Your broker can provide information on available new business lenders.
Contact us on 1300350118
To apply for Commercial Finance lenders will require some details on the asset you’re looking to purchase as well as your business loan information. Generally the more information you can provide to assist your application, the more lenders & loan products will be available for you to choose from.
Additional Information Includes:
Tax Returns
BAS (Business Activity Statements)
Letter of Contract
Accountant Letter
You usually do not require a deposit and you can generally borrow 100% + if purchasing an asset.
It is through advisable to use savings or a trade in to lower the loan amount. This reduces the total amount of interest you will pay over the term.
Balloon payments or residual payment is a lump sum that is payable at the end of the loan term. This reduces your overall monthly repayments throughout the term.
As a guide:
A loan amount of $50,000 with a 0% balloon payment
Approximate Repayments $990 per month
With a 20% balloon ($10,000)
Approximate repayments $850 per month for 59 months + $10000 due as a last payment
A Chattel Mortgage is a loan product commonly used by businesses to purchase assets. The borrower retains ownership of the goods and receives taxation benefits for the business use portion. Loan terms can be from 1 to 7 years and can include balloon payments if required.
The loan term for catering equipment can be from 1 year to 5 years depending on your loan requirements and budget.
At iCREDIT, we recognise that every business is distinctive. That’s why we invest the time to deeply understand your specific business objectives, allowing us to craft loan products perfectly tailored to your individual needs. We specialise in offering flexible financing solutions for a wide range of business-related equipment, with a strong emphasis on catering and food preparation equipment.
