FAQ
Commercial asset finance offers several benefits such as: preserved cash flow, flexible payment options, tax efficiency and risk mitigation to your business.
We are accredited with all the major banks and equipment lenders, there are over 40 options to provide you with flexibility and to ensure you’re getting the most competitive deal.
Depending on your specific circumstance’s approval can take in between 24-48 hours of application submission.
A balloon payment is a one-off lump sum that you agree to pay the lender at the end of the loan term. In exchange for this it reduces the value of your repayments throughout the course of the loan term.
Yes, depending on your loan type. A member of our team will have a discussion with you regarding your needs and provide you with a tailored solution.
No, a deposit is not always required. At Lion Financial Group we will provide a number of different options to suit your specific needs.
Yes, you do not need to be a homeowner to be approved for a commercial loan, tenants are accepted.
Depending on your type of loan, loan term arrangements can vary from 1 year to 6 years.
Yes certainly! Purchasing an asset from a private seller (ie. on carsales or trucksales) is accepted.
Commercial loans and personal loans serve different purposes and are tailored to meet the specific needs of either a business or an individual respectively. Commercial loans cater to specific business needs such as retainment of cashflow and tax benefits.
Yes, dependent on criteria but you could be eligible for a commercial loan if you do not have a registered ABN.
Absolutely, it is dependent on your individual circumstances. However, we have assisted many start-up businesses in securing loans and being able to purchase their required assets.